AMERICAN STATE BANK Failed 1984

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

What happened

AMERICAN STATE BANK of THOMAS, OK was closed on 1984-10-19. The FDIC was named receiver.

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

Deposits were transferred to BANK OF THOMAS (THOMAS, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
929
FDIC Certificate
8985
FDIC FIN
2424
Bank name
AMERICAN STATE BANK
Location
THOMAS, OK
Failure date
1984-10-19
FDIC resolution date
1984-10-19
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.)
$7M
Deposits at failure
$22M
Assets at failure
$24M
Acquiring bank
BANK OF THOMAS (THOMAS, OK)