CITY NATIONAL BANK OF SAYRE Failed 1989
What happened
CITY NATIONAL BANK OF SAYRE of SAYRE, OK was closed on 1989-12-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST STATE BANK AND TRUST (HOLLIS, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2586
- FDIC Certificate
- 4192
- FDIC FIN
- 4133
- Bank name
- CITY NATIONAL BANK OF SAYRE
- Location
- SAYRE, OK
- Failure date
- 1989-12-13
- FDIC resolution date
- 1989-12-13
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $22M
- Assets at failure
- $21M
- Acquiring bank
- FIRST STATE BANK AND TRUST (HOLLIS, OK)
Other banks FIRST STATE BANK AND TRUST acquired in FDIC resolutions