# MUSTANG COMMUNITY BANK

> **Failed bank** · MUSTANG, OK · failed 1988-02-18 · State commercial bank, Federal Reserve member · FDIC cost $3M

## What happened

MUSTANG COMMUNITY BANK of MUSTANG, OK was closed by state regulators on **1988-02-18**. 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:** 1630
- **FDIC Certificate:** 22920
- **FDIC FIN:** 2788
- **Bank name:** MUSTANG COMMUNITY BANK
- **Location:** MUSTANG, OK
- **Failure date:** 1988-02-18
- **FDIC resolution date:** 1988-02-18
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $10M
- **Assets at failure:** $9M
- **Acquiring bank:** FIRST NATIONAL BANK OF M (MOORE, OK)

## Other banks FIRST NATIONAL BANK OF M has acquired in FDIC resolutions

- MUSTANG NATIONAL BANK (MUSTANG, OK) — failed 1987-09-17 — /failed-bank/1515

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MUSTANG%20COMMUNITY%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MUSTANG COMMUNITY BANK (FDIC ID 1630), failed 1988-02-18. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1630.

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