THE FIRST STATE BANK IN TALIHINA Failed 1988
What happened
THE FIRST STATE BANK IN TALIHINA of TALIHINA, OK was closed on 1988-09-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SPIRO STATE BANK (SPIRO, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1930
- FDIC Certificate
- 5998
- FDIC FIN
- 2920
- Bank name
- THE FIRST STATE BANK IN TALIHINA
- Location
- TALIHINA, OK
- Failure date
- 1988-09-22
- FDIC resolution date
- 1988-09-22
- 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.)
- $3M
- Deposits at failure
- $15M
- Assets at failure
- $16M
- Acquiring bank
- SPIRO STATE BANK (SPIRO, OK)