MUSTANG NATIONAL BANK Failed 1987
What happened
MUSTANG NATIONAL BANK of MUSTANG, OK was closed on 1987-09-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NATIONAL BANK OF M (MOORE, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1515
- FDIC Certificate
- 25733
- FDIC FIN
- 2729
- Bank name
- MUSTANG NATIONAL BANK
- Location
- MUSTANG, OK
- Failure date
- 1987-09-17
- FDIC resolution date
- 1987-09-17
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $12M
- Assets at failure
- $12M
- Acquiring bank
- FIRST NATIONAL BANK OF M (MOORE, OK)
Other banks FIRST NATIONAL BANK OF M acquired in FDIC resolutions