THE FIRST STATE BANK IN BILLINGS Failed 1987
What happened
THE FIRST STATE BANK IN BILLINGS of BILLINGS, OK was closed on 1987-03-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB&T CO PERRY OKLA (PERRY, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1403
- FDIC Certificate
- 9466
- FDIC FIN
- 2669
- Bank name
- THE FIRST STATE BANK IN BILLINGS
- Location
- BILLINGS, OK
- Failure date
- 1987-03-26
- FDIC resolution date
- 1987-03-26
- 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.)
- $1M
- Deposits at failure
- $10M
- Assets at failure
- $10M
- Acquiring bank
- FIRST NB&T CO PERRY OKLA (PERRY, OK)