CASHION COMMUNITY BANK Failed 1988
What happened
CASHION COMMUNITY BANK of CASHION, 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 COMMUNITY STATE BANK (CASHION, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1655
- FDIC Certificate
- 20702
- FDIC FIN
- 2799
- Bank name
- CASHION COMMUNITY BANK
- Location
- CASHION, 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.)
- $2M
- Deposits at failure
- $7M
- Assets at failure
- $7M
- Acquiring bank
- COMMUNITY STATE BANK (CASHION, OK)