THE BANK OF UNION Failed 2014

EL RENO, OK · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

THE BANK OF UNION of EL RENO, OK was closed on 2014-01-24. The FDIC was named receiver.

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

Deposits were transferred to BANCFIRST (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
4059
FDIC Certificate
17967
FDIC FIN
10493
Bank name
THE BANK OF UNION
Location
EL RENO, OK
Failure date
2014-01-24
FDIC resolution date
2014-01-24
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$93M
Deposits at failure
$316M
Assets at failure
$317M
Acquiring bank
BANCFIRST (OKLAHOMA CITY, OK)