THE FIRST NAT BANK & TRUST CO. OF CUSHING Failed 1988
What happened
THE FIRST NAT BANK & TRUST CO. OF CUSHING of CUSHING, OK was closed on 1988-03-10. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to AMERICAN NB OF BRISTOW (BRISTOW, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1636
- FDIC Certificate
- 4074
- FDIC FIN
- 5929
- Bank name
- THE FIRST NAT BANK & TRUST CO. OF CUSHING
- Location
- CUSHING, OK
- Failure date
- 1988-03-10
- FDIC resolution date
- 1988-03-10
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $20M
- Deposits at failure
- $61M
- Assets at failure
- $60M
- Acquiring bank
- AMERICAN NB OF BRISTOW (BRISTOW, OK)
Other banks AMERICAN NB OF BRISTOW acquired in FDIC resolutions