REPUBLIC NATIONAL BANK Failed 1988

NORMAN, OK · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

REPUBLIC NATIONAL BANK of NORMAN, OK was closed on 1988-06-30. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to REPUBLIC BANK OF NORMAN (NORMAN, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1787
FDIC Certificate
25816
FDIC FIN
2837
Bank name
REPUBLIC NATIONAL BANK
Location
NORMAN, OK
Failure date
1988-06-30
FDIC resolution date
1988-06-30
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$8M
Deposits at failure
$27M
Assets at failure
$24M
Acquiring bank
REPUBLIC BANK OF NORMAN (NORMAN, OK)