OAKWOOD DEPOSIT BANK Failed 2002
What happened
OAKWOOD DEPOSIT BANK of OAKWOOD, OH was closed on 2002-02-01. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to THE STATE BANK AND TRUST CO (DEFIANCE, OH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3537
- FDIC Certificate
- 8966
- FDIC FIN
- 4652
- Bank name
- OAKWOOD DEPOSIT BANK
- Location
- OAKWOOD, OH
- Failure date
- 2002-02-01
- FDIC resolution date
- 2002-02-01
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $64M
- Deposits at failure
- $60M
- Assets at failure
- $72M
- Acquiring bank
- THE STATE BANK AND TRUST CO (DEFIANCE, OH)