EXCHANGE NATIONAL BANK OF DEL CITY Failed 1990

What happened

EXCHANGE NATIONAL BANK OF DEL CITY of DEL CITY, OK was closed on 1990-06-14. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to FIRST NATIONAL BANK OF MIDW (MIDWEST CITY, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2810

FDIC Certificate

21187

FDIC FIN

4229

Bank name

EXCHANGE NATIONAL BANK OF DEL CITY

Location

DEL CITY, OK

Failure date

1990-06-14

FDIC resolution date

1990-06-14

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$7M

Deposits at failure

$40M

Assets at failure

$43M

Acquiring bank

FIRST NATIONAL BANK OF MIDW (MIDWEST CITY, OK)