FIRST NATIONAL BANK AND TRUST CO Failed 1991

What happened

FIRST NATIONAL BANK AND TRUST CO of BLACKWELL, OK was closed on 1991-08-29. The FDIC was named receiver.

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

Deposits were transferred to CENTRAL NATIONAL BANK & TRU (ENID, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3172

FDIC Certificate

14804

FDIC FIN

4391

Bank name

FIRST NATIONAL BANK AND TRUST CO

Location

BLACKWELL, OK

Failure date

1991-08-29

FDIC resolution date

1991-08-29

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$1M

Deposits at failure

$34M

Assets at failure

$33M

Acquiring bank

CENTRAL NATIONAL BANK & TRU (ENID, OK)