# THE FARMERS NATIONAL BANK OF CORDELL

> **Failed bank** · CORDELL, OK · failed 1987-12-03 · National commercial bank (OCC-chartered) · FDIC cost $34M

## What happened

THE FARMERS NATIONAL BANK OF CORDELL of CORDELL, OK was closed by the OCC on **1987-12-03**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST NB OF WEATHERFORD** (WEATHERFORD, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1562
- **FDIC Certificate:** 4070
- **FDIC FIN:** 2757
- **Bank name:** THE FARMERS NATIONAL BANK OF CORDELL
- **Location:** CORDELL, OK
- **Failure date:** 1987-12-03
- **FDIC resolution date:** 1987-12-03
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $34M
- **Deposits at failure:** $60M
- **Assets at failure:** $62M
- **Acquiring bank:** FIRST NB OF WEATHERFORD (WEATHERFORD, OK)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20FARMERS%20NATIONAL%20BANK%20OF%20CORDELL

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FARMERS NATIONAL BANK OF CORDELL (FDIC ID 1562), failed 1987-12-03. Retrieved via AI Analytics 2026-07-18 from https://api.ai-analytics.org/failed-bank/1562.

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