THE DUNCAN S & L ASSOC. Failed 1989
What happened
THE DUNCAN S & L ASSOC. of DUNCAN, OK was closed on 1989-03-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to LOCAL FB, FSB (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2239
- FDIC Certificate
- 30026
- FDIC FIN
- 7138
- Bank name
- THE DUNCAN S & L ASSOC.
- Location
- DUNCAN, OK
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-08-17
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $18M
- Deposits at failure
- $138M
- Assets at failure
- $149M
- Acquiring bank
- LOCAL FB, FSB (OKLAHOMA CITY, OK)