UNION BANK & TRUST COMPANY Failed 1988
What happened
UNION BANK & TRUST COMPANY of OKLAHOMA CITY, OK was closed on 1988-03-31. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNION BANK&TRUST CO (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1657
- FDIC Certificate
- 17112
- FDIC FIN
- 2802
- Bank name
- UNION BANK & TRUST COMPANY
- Location
- OKLAHOMA CITY, OK
- Failure date
- 1988-03-31
- FDIC resolution date
- 1988-03-31
- 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.)
- $11M
- Deposits at failure
- $182M
- Assets at failure
- $183M
- Acquiring bank
- UNION BANK&TRUST CO (OKLAHOMA CITY, OK)
Other banks UNION BANK&TRUST CO acquired in FDIC resolutions