FIRST FED. S & LA OF SEMINOLE Failed 1989
What happened
FIRST FED. S & LA OF SEMINOLE of SEMINOLE, OK was closed on 1989-03-16. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FIRST NB&TC OF HOLDENVILLE (HOLDENVILLE, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2236
- FDIC Certificate
- 29128
- FDIC FIN
- 7186
- Bank name
- FIRST FED. S & LA OF SEMINOLE
- Location
- SEMINOLE, OK
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-09-21
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $35M
- Assets at failure
- $33M
- Acquiring bank
- FIRST NB&TC OF HOLDENVILLE (HOLDENVILLE, OK)