THE FIRST NATIONAL BANK OF TIPTON Failed 1987
What happened
THE FIRST NATIONAL BANK OF TIPTON of TIPTON, 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 FIRST NATIONAL BANK IN A (ALTUS, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1508
- FDIC Certificate
- 4210
- FDIC FIN
- 5903
- Bank name
- THE FIRST NATIONAL BANK OF TIPTON
- Location
- TIPTON, 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.)
- $4M
- Deposits at failure
- $7M
- Assets at failure
- $8M
- Acquiring bank
- FIRST NATIONAL BANK IN A (ALTUS, OK)
Other banks FIRST NATIONAL BANK IN A acquired in FDIC resolutions