THE FIRST NATIONAL BANK OF OLNEY Failed 1987
What happened
THE FIRST NATIONAL BANK OF OLNEY of OLNEY, TX was closed on 1987-03-12. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NATIONAL BANK OF O (OLNEY, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1382
- FDIC Certificate
- 3372
- FDIC FIN
- 2659
- Bank name
- THE FIRST NATIONAL BANK OF OLNEY
- Location
- OLNEY, TX
- Failure date
- 1987-03-12
- FDIC resolution date
- 1987-03-12
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $17M
- Assets at failure
- $17M
- Acquiring bank
- FIRST NATIONAL BANK OF O (OLNEY, TX)
Other banks FIRST NATIONAL BANK OF O acquired in FDIC resolutions