BANK OF WILSON Failed 1990

What happened

BANK OF WILSON of WILSON, OK was closed on 1990-07-26. The FDIC was named receiver.

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

Deposits were transferred to AMERICAN NATIONAL BANK (ARDMORE, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2853

FDIC Certificate

15740

FDIC FIN

4249

Bank name

BANK OF WILSON

Location

WILSON, OK

Failure date

1990-07-26

FDIC resolution date

1990-07-26

Charter type

State commercial bank, non-Federal Reserve member (FDIC-supervised)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$2M

Deposits at failure

$13M

Assets at failure

$13M

Acquiring bank

AMERICAN NATIONAL BANK (ARDMORE, OK)

Other banks AMERICAN NATIONAL BANK acquired in FDIC resolutions

• THE SECURITY STATE BANK (COMANCHE, OK) — failed 1988-09-22
• AMERICAN NATIONAL BANK (PARMA, OH) — failed 1988-02-12
• THE FIRST NATIONAL BANK OF HAMMON (HAMMON, OK) — failed 1987-09-03
• THE BEDFORD NATIONAL BANK (BEDFORD, IA) — failed 1986-05-01