AMERICAN BANK OF MUSKOGEE Failed 1988
What happened
AMERICAN BANK OF MUSKOGEE of MUSKOGEE, OK was closed on 1988-09-01. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITIZENS NB&T OF MUSKOGE (MUSKOGEE, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1907
- FDIC Certificate
- 20184
- FDIC FIN
- 2910
- Bank name
- AMERICAN BANK OF MUSKOGEE
- Location
- MUSKOGEE, OK
- Failure date
- 1988-09-01
- FDIC resolution date
- 1988-09-01
- 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.)
- $11M
- Deposits at failure
- $30M
- Assets at failure
- $29M
- Acquiring bank
- CITIZENS NB&T OF MUSKOGE (MUSKOGEE, OK)
Other banks CITIZENS NB&T OF MUSKOGE acquired in FDIC resolutions