BANK OF NEWCASTLE Failed 1985

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

What happened

BANK OF NEWCASTLE of NEWCASTLE, OK was closed on 1985-05-16. The FDIC was named receiver.

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

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

Key facts

FDIC ID
992
FDIC Certificate
21757
FDIC FIN
2463
Bank name
BANK OF NEWCASTLE
Location
NEWCASTLE, OK
Failure date
1985-05-16
FDIC resolution date
1985-05-16
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.)
$11M
Deposits at failure
$31M
Assets at failure
$33M
Acquiring bank
ALLIED OKLAHOMA BANK NA (OKLAHOMA CITY, OK)