AMERICAN HOME S & L Failed 1989
What happened
AMERICAN HOME S & L of EDMOND, OK was closed on 1989-10-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FOUNDERS B&TC (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2522
- FDIC Certificate
- 32152
- FDIC FIN
- 7167
- Bank name
- AMERICAN HOME S & L
- Location
- EDMOND, OK
- Failure date
- 1989-10-05
- FDIC resolution date
- 1990-09-12
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $14M
- Deposits at failure
- $80M
- Assets at failure
- $97M
- Acquiring bank
- FOUNDERS B&TC (OKLAHOMA CITY, OK)