ALLIED OKLAHOMA BANK, NATIONAL ASSOC Failed 1989

What happened

ALLIED OKLAHOMA BANK, NATIONAL ASSOC of OKLAHOMA CITY, OK was closed on 1989-04-13. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to CENTRAL BANK OF OKLAHOMA CI (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2353

FDIC Certificate

19752

FDIC FIN

4005

Bank name

ALLIED OKLAHOMA BANK, NATIONAL ASSOC

Location

OKLAHOMA CITY, OK

Failure date

1989-04-13

FDIC resolution date

1989-04-13

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$11M

Deposits at failure

$61M

Assets at failure

$58M

Acquiring bank

CENTRAL BANK OF OKLAHOMA CI (OKLAHOMA CITY, OK)