# FIRST BANK AND TRUST COMPANY

> **Failed bank** · YALE, OK · failed 1989-08-03 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $8M

## What happened

FIRST BANK AND TRUST COMPANY of YALE, OK was closed by regulators on **1989-08-03**. The FDIC was named receiver.

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

Deposits were transferred to **MANNFORD STATE BANK** (MANNFORD, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2466
- **FDIC Certificate:** 4233
- **FDIC FIN:** 4064
- **Bank name:** FIRST BANK AND TRUST COMPANY
- **Location:** YALE, OK
- **Failure date:** 1989-08-03
- **FDIC resolution date:** 1989-08-03
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $8M
- **Deposits at failure:** $28M
- **Assets at failure:** $28M
- **Acquiring bank:** MANNFORD STATE BANK (MANNFORD, OK)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20BANK%20AND%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST BANK AND TRUST COMPANY (FDIC ID 2466), failed 1989-08-03. Retrieved via AI Analytics 2026-07-12 from https://api.ai-analytics.org/failed-bank/2466.

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