THE FIRST NATIONAL BANK IN MARLOW Failed 1985

What happened

THE FIRST NATIONAL BANK IN MARLOW of MARLOW, OK was closed on 1985-01-24. The FDIC was named receiver.

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

Deposits were transferred to FIRST NB IN MARLOW (MARLOW, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

954

FDIC Certificate

4141

FDIC FIN

2437

Bank name

THE FIRST NATIONAL BANK IN MARLOW

Location

MARLOW, OK

Failure date

1985-01-24

FDIC resolution date

1985-01-24

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$8M

Deposits at failure

$27M

Assets at failure

$27M

Acquiring bank

FIRST NB IN MARLOW (MARLOW, OK)