INVESTORS FEDERAL BANK Failed 1987
What happened
INVESTORS FEDERAL BANK of EL RENO, OK was closed on 1987-06-18. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to MIDWEST FS&LA OF MINNEAPOLI (MINNEAPOLIS, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1455
- FDIC Certificate
- 29814
- FDIC FIN
- 7569
- Bank name
- INVESTORS FEDERAL BANK
- Location
- EL RENO, OK
- Failure date
- 1987-06-18
- FDIC resolution date
- 1988-03-25
- Charter type
- Savings bank
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $60M
- Deposits at failure
- $96M
- Assets at failure
- $98M
- Acquiring bank
- MIDWEST FS&LA OF MINNEAPOLI (MINNEAPOLIS, MN)
Other banks MIDWEST FS&LA OF MINNEAPOLI acquired in FDIC resolutions