REPUBLIC BANK Failed 1987
What happened
REPUBLIC BANK of OKLAHOMA CITY, OK was closed on 1987-11-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB IN BARTLESVILLE (BARTLESVILLE, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1561
- FDIC Certificate
- 18619
- FDIC FIN
- 2749
- Bank name
- REPUBLIC BANK
- Location
- OKLAHOMA CITY, OK
- Failure date
- 1987-11-19
- FDIC resolution date
- 1987-11-19
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $23M
- Deposits at failure
- $57M
- Assets at failure
- $49M
- Acquiring bank
- FIRST NB IN BARTLESVILLE (BARTLESVILLE, OK)
Other banks FIRST NB IN BARTLESVILLE acquired in FDIC resolutions