EXPRESSWAY BANK Failed 1987
What happened
EXPRESSWAY BANK of OKLAHOMA CITY, OK 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 INTERSTATE BK OF O (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1385
- FDIC Certificate
- 24822
- FDIC FIN
- 2661
- Bank name
- EXPRESSWAY BANK
- Location
- OKLAHOMA CITY, OK
- Failure date
- 1987-03-12
- FDIC resolution date
- 1987-03-12
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $20M
- Assets at failure
- $19M
- Acquiring bank
- FIRST INTERSTATE BK OF O (OKLAHOMA CITY, OK)
Other banks FIRST INTERSTATE BK OF O acquired in FDIC resolutions