FIRST BANK & TRUST CO. Failed 1988
What happened
FIRST BANK & TRUST CO. of DUNCAN, 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 FIRST BANK&TRUST CO (DUNCAN, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1996
- FDIC Certificate
- 4080
- FDIC FIN
- 2940
- Bank name
- FIRST BANK & TRUST CO.
- Location
- DUNCAN, 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.)
- $10M
- Deposits at failure
- $45M
- Assets at failure
- $42M
- Acquiring bank
- FIRST BANK&TRUST CO (DUNCAN, OK)
Other banks FIRST BANK&TRUST CO acquired in FDIC resolutions