FRONTIER SAVINGS & LOAN Failed 1988
What happened
FRONTIER SAVINGS & LOAN of PONCA CITY, OK was closed on 1988-08-31. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMMERCIAL FED BK A FSB (OMAHA, NE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1900
- FDIC Certificate
- 30146
- FDIC FIN
- 6000
- Bank name
- FRONTIER SAVINGS & LOAN
- Location
- PONCA CITY, OK
- Failure date
- 1988-08-31
- FDIC resolution date
- 1993-10-09
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $382M
- Deposits at failure
- $827M
- Assets at failure
- $1,031M
- Acquiring bank
- COMMERCIAL FED BK A FSB (OMAHA, NE)
- FDIC comments
- Received FSLIC assistance, but FSLIC closed before resolved. Resolved by SAIF in 1993.