SOONER FEDERAL SAVINGS ASSOC. Failed 1989
What happened
SOONER FEDERAL SAVINGS ASSOC. of TULSA, OK was closed on 1989-11-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST GIBRALTAR BANK, FSB (SAN ANTONIO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2558
- FDIC Certificate
- 28649
- FDIC FIN
- 7174
- Bank name
- SOONER FEDERAL SAVINGS ASSOC.
- Location
- TULSA, OK
- Failure date
- 1989-11-16
- FDIC resolution date
- 1990-09-14
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $153M
- Deposits at failure
- $1,153M
- Assets at failure
- $1,530M
- Acquiring bank
- FIRST GIBRALTAR BANK, FSB (SAN ANTONIO, TX)
Other banks FIRST GIBRALTAR BANK, FSB acquired in FDIC resolutions