FIRST NATIONAL BANK OF BRAMAN Failed 1987
What happened
FIRST NATIONAL BANK OF BRAMAN of BRAMAN, OK was closed on 1987-04-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMMUNITY BANK (SHIDLER, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1408
- FDIC Certificate
- 4047
- FDIC FIN
- 2673
- Bank name
- FIRST NATIONAL BANK OF BRAMAN
- Location
- BRAMAN, OK
- Failure date
- 1987-04-09
- FDIC resolution date
- 1987-04-09
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $12M
- Assets at failure
- $12M
- Acquiring bank
- COMMUNITY BANK (SHIDLER, OK)
Other banks COMMUNITY BANK acquired in FDIC resolutions