CAPITOL BANK & TRUST Failed 1990
What happened
CAPITOL BANK & TRUST of OKLAHOMA CITY, OK was closed on 1990-08-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST FIDELITY BANK, NATION (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2874
- FDIC Certificate
- 18290
- FDIC FIN
- 4259
- Bank name
- CAPITOL BANK & TRUST
- Location
- OKLAHOMA CITY, OK
- Failure date
- 1990-08-16
- FDIC resolution date
- 1990-08-16
- 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.)
- $4M
- Deposits at failure
- $33M
- Assets at failure
- $33M
- Acquiring bank
- FIRST FIDELITY BANK, NATION (OKLAHOMA CITY, OK)
Other banks FIRST FIDELITY BANK, NATION acquired in FDIC resolutions