# CITY NATIONAL BANK OF SAYRE

> **Failed bank** · SAYRE, OK · failed 1989-12-13 · National commercial bank (OCC-chartered) · FDIC cost $4M

## What happened

CITY NATIONAL BANK OF SAYRE of SAYRE, OK was closed by the OCC 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- BAY CITY BANK & TRUST CO. (BAY CITY, TX) — failed 1990-08-30 — /failed-bank/2883

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CITY%20NATIONAL%20BANK%20OF%20SAYRE

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITY NATIONAL BANK OF SAYRE (FDIC ID 2586), failed 1989-12-13. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2586.

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