FARMERS NATIONAL BANK OF ERICK Failed 1985
What happened
FARMERS NATIONAL BANK OF ERICK of ERICK, OK was closed on 1985-02-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST AMERICAN BANK (ERICK, OK). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 958
- FDIC Certificate
- 4093
- FDIC FIN
- 2442
- Bank name
- FARMERS NATIONAL BANK OF ERICK
- Location
- ERICK, OK
- Failure date
- 1985-02-07
- FDIC resolution date
- 1985-02-07
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $17M
- Assets at failure
- $17M
- Acquiring bank
- FIRST AMERICAN BANK (ERICK, OK)
Other banks FIRST AMERICAN BANK acquired in FDIC resolutions