MEDICAL CENTER STATE BANK Failed 1988
What happened
MEDICAL CENTER STATE BANK of OKLAHOMA CITY, OK was closed on 1988-10-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMERICAN STATE BANK (TULSA, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1968
- FDIC Certificate
- 20955
- FDIC FIN
- 2930
- Bank name
- MEDICAL CENTER STATE BANK
- Location
- OKLAHOMA CITY, OK
- Failure date
- 1988-10-27
- FDIC resolution date
- 1988-10-27
- 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.)
- $2M
- Deposits at failure
- $9M
- Assets at failure
- $9M
- Acquiring bank
- AMERICAN STATE BANK (TULSA, OK)
Other banks AMERICAN STATE BANK acquired in FDIC resolutions