UNION BANK & TRUST Failed 1988
What happened
UNION BANK & TRUST of BARTLESVILLE, OK was closed on 1988-07-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB IN BARTLESVILLE (BARTLESVILLE, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1795
- FDIC Certificate
- 4040
- FDIC FIN
- 2843
- Bank name
- UNION BANK & TRUST
- Location
- BARTLESVILLE, OK
- Failure date
- 1988-07-21
- FDIC resolution date
- 1988-07-21
- 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.)
- $33M
- Deposits at failure
- $129M
- Assets at failure
- $115M
- Acquiring bank
- FIRST NB IN BARTLESVILLE (BARTLESVILLE, OK)
Other banks FIRST NB IN BARTLESVILLE acquired in FDIC resolutions