FIRST CITY BANK OF ATOKA Failed 1987
What happened
FIRST CITY BANK OF ATOKA of ATOKA, OK was closed on 1987-02-12. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to ATOKA STATE BANK (ATOKA, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1359
- FDIC Certificate
- 18773
- FDIC FIN
- 2645
- Bank name
- FIRST CITY BANK OF ATOKA
- Location
- ATOKA, OK
- Failure date
- 1987-02-12
- FDIC resolution date
- 1987-02-12
- 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
- $12M
- Assets at failure
- $12M
- Acquiring bank
- ATOKA STATE BANK (ATOKA, OK)