EIGHTY NINER BANK OF COYLE Failed 1987
What happened
EIGHTY NINER BANK OF COYLE of COYLE, OK was closed on 1987-06-25. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to OKLAHOMA STATE BANK (MULHALL, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1457
- FDIC Certificate
- 4073
- FDIC FIN
- 2701
- Bank name
- EIGHTY NINER BANK OF COYLE
- Location
- COYLE, OK
- Failure date
- 1987-06-25
- FDIC resolution date
- 1987-06-25
- 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.)
- $2M
- Deposits at failure
- $6M
- Assets at failure
- $7M
- Acquiring bank
- OKLAHOMA STATE BANK (MULHALL, OK)