THE FIRST NATIONAL BANK OF HAMMON Failed 1987

What happened

THE FIRST NATIONAL BANK OF HAMMON of HAMMON, OK was closed on 1987-09-03. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to AMERICAN NATIONAL BANK (ELK CITY, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1507

FDIC Certificate

4108

FDIC FIN

5902

Bank name

THE FIRST NATIONAL BANK OF HAMMON

Location

HAMMON, OK

Failure date

1987-09-03

FDIC resolution date

1987-09-03

Charter type

National commercial bank (OCC-chartered)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$2M

Deposits at failure

$6M

Assets at failure

$6M

Acquiring bank

AMERICAN NATIONAL BANK (ELK CITY, OK)

Other banks AMERICAN NATIONAL BANK acquired in FDIC resolutions

• BANK OF WILSON (WILSON, OK) — failed 1990-07-26
• THE SECURITY STATE BANK (COMANCHE, OK) — failed 1988-09-22
• AMERICAN NATIONAL BANK (PARMA, OH) — failed 1988-02-12
• THE BEDFORD NATIONAL BANK (BEDFORD, IA) — failed 1986-05-01