CITIZENS BANK OF KREBS Failed 1987
What happened
CITIZENS BANK OF KREBS of KREBS, OK was closed on 1987-10-08. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FIRST NB&T CO OF MCALEST (MCALESTER, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1532
- FDIC Certificate
- 2309
- FDIC FIN
- 5910
- Bank name
- CITIZENS BANK OF KREBS
- Location
- KREBS, OK
- Failure date
- 1987-10-08
- FDIC resolution date
- 1987-10-08
- 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.)
- $5M
- Deposits at failure
- $14M
- Assets at failure
- $15M
- Acquiring bank
- FIRST NB&T CO OF MCALEST (MCALESTER, OK)
Other banks FIRST NB&T CO OF MCALEST acquired in FDIC resolutions