FIRST STATE BANK Failed 1988
What happened
FIRST STATE BANK of OILTON, OK was closed on 1988-02-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMERICAN NB OF BRISTOW (BRISTOW, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1623
- FDIC Certificate
- 19303
- FDIC FIN
- 2783
- Bank name
- FIRST STATE BANK
- Location
- OILTON, OK
- Failure date
- 1988-02-11
- FDIC resolution date
- 1988-02-11
- 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.)
- $3M
- Deposits at failure
- $13M
- Assets at failure
- $13M
- Acquiring bank
- AMERICAN NB OF BRISTOW (BRISTOW, OK)
Other banks AMERICAN NB OF BRISTOW acquired in FDIC resolutions