COMMUNITY BANK Failed 1987
What happened
COMMUNITY BANK of SEILING, OK was closed on 1987-02-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB OF SEILING (SEILING, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1358
- FDIC Certificate
- 24056
- FDIC FIN
- 2644
- Bank name
- COMMUNITY BANK
- Location
- SEILING, OK
- Failure date
- 1987-02-11
- FDIC resolution date
- 1987-02-11
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $5M
- Assets at failure
- $5M
- Acquiring bank
- FIRST NB OF SEILING (SEILING, OK)