FIRST STATE BANK Failed 1990
What happened
FIRST STATE BANK of LEXINGTON, OK was closed on 1990-12-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE MCCLAIN COUNTY NATIONAL (PURCELL, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2961
- FDIC Certificate
- 9469
- FDIC FIN
- 4303
- Bank name
- FIRST STATE BANK
- Location
- LEXINGTON, OK
- Failure date
- 1990-12-13
- FDIC resolution date
- 1990-12-13
- 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.)
- $1M
- Deposits at failure
- $8M
- Assets at failure
- $7M
- Acquiring bank
- THE MCCLAIN COUNTY NATIONAL (PURCELL, OK)