ROLLING HILLS STATE BANK Failed 1989
What happened
ROLLING HILLS STATE BANK of PIEDMONT, OK was closed on 1989-01-12. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FARMERS & MERCHANTS BANK OF (PIEDMONT, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2069
- FDIC Certificate
- 22239
- FDIC FIN
- 2951
- Bank name
- ROLLING HILLS STATE BANK
- Location
- PIEDMONT, OK
- Failure date
- 1989-01-12
- FDIC resolution date
- 1989-01-12
- 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
- $13M
- Assets at failure
- $13M
- Acquiring bank
- FARMERS & MERCHANTS BANK OF (PIEDMONT, OK)
Other banks FARMERS & MERCHANTS BANK OF acquired in FDIC resolutions