THE FIRST NATIONAL BANK OF DAVIS Failed 2011
What happened
THE FIRST NATIONAL BANK OF DAVIS of DAVIS, OK was closed on 2011-03-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE PAULS VALLEY NATIIONAL BANK (PAULS VALLEY, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3914
- FDIC Certificate
- 4077
- FDIC FIN
- 10349
- Bank name
- THE FIRST NATIONAL BANK OF DAVIS
- Location
- DAVIS, OK
- Failure date
- 2011-03-11
- FDIC resolution date
- 2011-03-11
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $30M
- Deposits at failure
- $68M
- Assets at failure
- $90M
- Acquiring bank
- THE PAULS VALLEY NATIIONAL BANK (PAULS VALLEY, OK)