BANK OF GRANITE Failed 1987
What happened
BANK OF GRANITE of GRANITE, OK was closed on 1987-07-30. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FARMERS&MERCHANTS BANK (MAYSVILLE, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1483
- FDIC Certificate
- 4104
- FDIC FIN
- 6888
- Bank name
- BANK OF GRANITE
- Location
- GRANITE, OK
- Failure date
- 1987-07-30
- FDIC resolution date
- 1987-07-30
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $13M
- Assets at failure
- $13M
- Acquiring bank
- FARMERS&MERCHANTS BANK (MAYSVILLE, OK)
Other banks FARMERS&MERCHANTS BANK acquired in FDIC resolutions