# FIRST NATIONAL BANK OF BRAMAN

> **Failed bank** · BRAMAN, OK · failed 1987-04-09 · National commercial bank (OCC-chartered) · FDIC cost $5M

## What happened

FIRST NATIONAL BANK OF BRAMAN of BRAMAN, OK was closed by the OCC 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
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $12M
- **Assets at failure:** $12M
- **Acquiring bank:** COMMUNITY BANK (SHIDLER, OK)

## Other banks COMMUNITY BANK has acquired in FDIC resolutions

- DEEP EAST TEXAS SA (JASPER, TX) — failed 1989-03-16 — /failed-bank/2256
- THE FIRST STATE BANK (ROCKWALL, TX) — failed 1988-05-26 — /failed-bank/1758

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20NATIONAL%20BANK%20OF%20BRAMAN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NATIONAL BANK OF BRAMAN (FDIC ID 1408), failed 1987-04-09. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1408.

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