BROKEN ARROW SAVINGS ASSOC. Failed 1990
What happened
BROKEN ARROW SAVINGS ASSOC. of BROKEN ARROW, OK was closed on 1990-08-24. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to METRO BANK OF BROKEN ARROW (BROKEN ARROW, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2880
- FDIC Certificate
- 29603
- FDIC FIN
- 7306
- Bank name
- BROKEN ARROW SAVINGS ASSOC.
- Location
- BROKEN ARROW, OK
- Failure date
- 1990-08-24
- FDIC resolution date
- 1991-06-07
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $23M
- Assets at failure
- $27M
- Acquiring bank
- METRO BANK OF BROKEN ARROW (BROKEN ARROW, OK)