CLINTON S & LA Failed 1991
What happened
CLINTON S & LA of CLINTON, OK was closed on 1991-07-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to LOCAL FEDERAL BANK, FSB (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3145
- FDIC Certificate
- 30010
- FDIC FIN
- 7360
- Bank name
- CLINTON S & LA
- Location
- CLINTON, OK
- Failure date
- 1991-07-19
- FDIC resolution date
- 1991-07-19
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $22M
- Assets at failure
- $22M
- Acquiring bank
- LOCAL FEDERAL BANK, FSB (OKLAHOMA CITY, OK)
Other banks LOCAL FEDERAL BANK, FSB acquired in FDIC resolutions