PENN SQUARE BANK, N.A. Failed 1982

OKLAHOMA CITY, OK · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

PENN SQUARE BANK, N.A. of OKLAHOMA CITY, OK was closed on 1982-07-05. The FDIC was named receiver.

Resolution: DINB

Deposits were transferred to 0 (0, 0). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
675
FDIC Certificate
18153
FDIC FIN
5391
Bank name
PENN SQUARE BANK, N.A.
Location
OKLAHOMA CITY, OK
Failure date
1982-07-05
FDIC resolution date
1982-07-05
Charter type
National commercial bank (OCC-chartered)
Resolution type
DINB
FDIC DIF cost (est.)
$65M
Deposits at failure
$390M
Assets at failure
$436M
Acquiring bank
0 (0, 0)

Other banks 0 acquired in FDIC resolutions