PHOENIX FS&LA Failed 1988
What happened
PHOENIX FS&LA of MUSKOGEE, OK was closed on 1988-08-31. The FDIC was named receiver.
Resolution: MGR
Deposits were transferred to CIMARRON FS&LA (MUSKOGEE, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1899
- FDIC Certificate
- 29625
- FDIC FIN
- 1800
- Bank name
- PHOENIX FS&LA
- Location
- MUSKOGEE, OK
- Failure date
- 1988-08-31
- FDIC resolution date
- 1988-08-31
- Charter type
- SL
- Resolution type
- MGR
- FDIC DIF cost (est.)
- $142M
- Deposits at failure
- $383M
- Assets at failure
- $419M
- Acquiring bank
- CIMARRON FS&LA (MUSKOGEE, OK)
Other banks CIMARRON FS&LA acquired in FDIC resolutions