NATIONAL BANK OF FREDERICK Failed 1987
What happened
NATIONAL BANK OF FREDERICK of FREDERICK, OK was closed on 1987-01-22. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FIRST NATIONAL BANK&TRUS (FREDERICK, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1344
- FDIC Certificate
- 14627
- FDIC FIN
- 5794
- Bank name
- NATIONAL BANK OF FREDERICK
- Location
- FREDERICK, OK
- Failure date
- 1987-01-22
- FDIC resolution date
- 1987-01-22
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $10M
- Deposits at failure
- $22M
- Assets at failure
- $24M
- Acquiring bank
- FIRST NATIONAL BANK&TRUS (FREDERICK, OK)
Other banks FIRST NATIONAL BANK&TRUS acquired in FDIC resolutions