# OAKWOOD DEPOSIT BANK

> **Failed bank** · OAKWOOD, OH · failed 2002-02-01 · State commercial bank, Federal Reserve member · FDIC cost $64M

## What happened

OAKWOOD DEPOSIT BANK of OAKWOOD, OH was closed by state regulators 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
- **Estimated FDIC DIF cost:** $64M
- **Deposits at failure:** $60M
- **Assets at failure:** $72M
- **Acquiring bank:** THE STATE BANK AND TRUST CO (DEFIANCE, OH)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=OAKWOOD%20DEPOSIT%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, OAKWOOD DEPOSIT BANK (FDIC ID 3537), failed 2002-02-01. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3537.

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