# UNION BANK & TRUST COMPANY

> **Failed bank** · OKLAHOMA CITY, OK · failed 1988-03-31 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $11M

## What happened

UNION BANK & TRUST COMPANY of OKLAHOMA CITY, OK was closed by regulators 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
- **Estimated FDIC DIF cost:** $11M
- **Deposits at failure:** $182M
- **Assets at failure:** $183M
- **Acquiring bank:** UNION BANK&TRUST CO (OKLAHOMA CITY, OK)

## Other banks UNION BANK&TRUST CO has acquired in FDIC resolutions

- SECURITY STATE BANK (OXFORD, NE) — failed 1987-10-01 — /failed-bank/1526
- FARMERS STATE BANK (RISING CITY, NE) — failed 1985-08-02 — /failed-bank/1043
- BANK OF TAYLOR (TAYLOR, NE) — failed 1985-05-31 — /failed-bank/1000

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=UNION%20BANK%20%26%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, UNION BANK & TRUST COMPANY (FDIC ID 1657), failed 1988-03-31. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1657.

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