CENTURY BANK Failed 1988
What happened
CENTURY BANK of TULSA, OK was closed on 1988-03-24. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FOURTH NB OF TULSA (TULSA, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1654
- FDIC Certificate
- 17293
- FDIC FIN
- 2800
- Bank name
- CENTURY BANK
- Location
- TULSA, OK
- Failure date
- 1988-03-24
- FDIC resolution date
- 1988-03-24
- 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.)
- $17M
- Deposits at failure
- $70M
- Assets at failure
- $71M
- Acquiring bank
- FOURTH NB OF TULSA (TULSA, OK)