TOWN & COUNTRY BANK Failed 1988
What happened
TOWN & COUNTRY BANK of BIXBY, OK was closed on 1988-09-15. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BROOKSIDE STATE BANK (TULSA, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1921
- FDIC Certificate
- 22466
- FDIC FIN
- 2919
- Bank name
- TOWN & COUNTRY BANK
- Location
- BIXBY, OK
- Failure date
- 1988-09-15
- FDIC resolution date
- 1988-09-15
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $19M
- Deposits at failure
- $38M
- Assets at failure
- $31M
- Acquiring bank
- BROOKSIDE STATE BANK (TULSA, OK)