CROSS ROADS S & LA Failed 1989
What happened
CROSS ROADS S & LA of CHECOTAH, OK was closed on 1989-07-13. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to PEOPLES NB (CHECOTAH, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2414
- FDIC Certificate
- 32154
- FDIC FIN
- 6997
- Bank name
- CROSS ROADS S & LA
- Location
- CHECOTAH, OK
- Failure date
- 1989-07-13
- FDIC resolution date
- 1990-05-11
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $15M
- Deposits at failure
- $17M
- Assets at failure
- $17M
- Acquiring bank
- PEOPLES NB (CHECOTAH, OK)