WAUKOMIS STATE BANK Failed 1988

WAUKOMIS, OK · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

WAUKOMIS STATE BANK of WAUKOMIS, OK was closed on 1988-12-08. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to CIMARRON BANK (WAUKOMIS, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1995
FDIC Certificate
2319
FDIC FIN
2939
Bank name
WAUKOMIS STATE BANK
Location
WAUKOMIS, OK
Failure date
1988-12-08
FDIC resolution date
1988-12-08
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
$12M
Assets at failure
$12M
Acquiring bank
CIMARRON BANK (WAUKOMIS, OK)