UTICA NATIONAL BANK & TRUST COMP Failed 1989
What happened
UTICA NATIONAL BANK & TRUST COMP of TULSA, OK was closed on 1989-07-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE F & M BANK & TRUST COMP (TULSA, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2425
- FDIC Certificate
- 17198
- FDIC FIN
- 4034
- Bank name
- UTICA NATIONAL BANK & TRUST COMP
- Location
- TULSA, OK
- Failure date
- 1989-07-20
- FDIC resolution date
- 1989-07-20
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $48M
- Deposits at failure
- $178M
- Assets at failure
- $165M
- Acquiring bank
- THE F & M BANK & TRUST COMP (TULSA, OK)