GREAT PLAINS SAVINGS Failed 1989
What happened
GREAT PLAINS SAVINGS of WEATHERFORD, OK was closed on 1989-10-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to LOCAL FEDERAL BANK, FSB (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2543
- FDIC Certificate
- 28690
- FDIC FIN
- 7137
- Bank name
- GREAT PLAINS SAVINGS
- Location
- WEATHERFORD, OK
- Failure date
- 1989-10-26
- FDIC resolution date
- 1990-08-17
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $20M
- Deposits at failure
- $73M
- Assets at failure
- $100M
- Acquiring bank
- LOCAL FEDERAL BANK, FSB (OKLAHOMA CITY, OK)
Other banks LOCAL FEDERAL BANK, FSB acquired in FDIC resolutions