THE FIRST NATIONAL BANK OF COLBERT Failed 1990
What happened
THE FIRST NATIONAL BANK OF COLBERT of COLBERT, OK was closed on 1990-02-08. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to THE DURANT BANK & TRUST COM (DURANT, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2646
- FDIC Certificate
- 4237
- FDIC FIN
- 4150
- Bank name
- THE FIRST NATIONAL BANK OF COLBERT
- Location
- COLBERT, OK
- Failure date
- 1990-02-08
- FDIC resolution date
- 1990-02-08
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $17M
- Assets at failure
- $18M
- Acquiring bank
- THE DURANT BANK & TRUST COM (DURANT, OK)