# FIRST BANK & TRUST CO.

> **Failed bank** · DUNCAN, OK · failed 1988-12-08 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $10M

## What happened

FIRST BANK & TRUST CO. of DUNCAN, OK was closed by regulators 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
- **Estimated FDIC DIF cost:** $10M
- **Deposits at failure:** $45M
- **Assets at failure:** $42M
- **Acquiring bank:** FIRST BANK&TRUST CO (DUNCAN, OK)

## Other banks FIRST BANK&TRUST CO has acquired in FDIC resolutions

- SECURITY BK & TR COMPANY (CAIRO, IL) — failed 1982-08-27 — /failed-bank/695

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20BANK%20%26%20TRUST%20CO.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST BANK & TRUST CO. (FDIC ID 1996), failed 1988-12-08. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1996.

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