OAKWOOD NATIONAL BANK Failed 1989
What happened
OAKWOOD NATIONAL BANK of ENID, OK was closed on 1989-01-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NATIONAL BK OF COM OF AL (ALTUS, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2080
- FDIC Certificate
- 24537
- FDIC FIN
- 2960
- Bank name
- OAKWOOD NATIONAL BANK
- Location
- ENID, OK
- Failure date
- 1989-01-27
- FDIC resolution date
- 1989-01-27
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $27M
- Assets at failure
- $23M
- Acquiring bank
- NATIONAL BK OF COM OF AL (ALTUS, OK)