BANK OF OAK GROVE Failed 1987
What happened
BANK OF OAK GROVE of OAK GROVE, LA was closed on 1987-05-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to WEST CARROLL NB OF OAK G (OAK GROVE, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1439
- FDIC Certificate
- 317
- FDIC FIN
- 2690
- Bank name
- BANK OF OAK GROVE
- Location
- OAK GROVE, LA
- Failure date
- 1987-05-21
- FDIC resolution date
- 1987-05-21
- 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.)
- $6M
- Deposits at failure
- $24M
- Assets at failure
- $24M
- Acquiring bank
- WEST CARROLL NB OF OAK G (OAK GROVE, LA)