OAK PARK BANK Failed 1988
What happened
OAK PARK BANK of OAK PARK HEIGHTS, MN was closed on 1988-04-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to ST CROIX VALLEY BANK (OAK PARK HEIGHTS, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1738
- FDIC Certificate
- 21787
- FDIC FIN
- 2811
- Bank name
- OAK PARK BANK
- Location
- OAK PARK HEIGHTS, MN
- Failure date
- 1988-04-29
- FDIC resolution date
- 1988-04-29
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $20M
- Assets at failure
- $21M
- Acquiring bank
- ST CROIX VALLEY BANK (OAK PARK HEIGHTS, MN)