# BANK OF NEWCASTLE

> **Failed bank** · NEWCASTLE, OK · failed 1985-05-16 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $11M

## What happened

BANK OF NEWCASTLE of NEWCASTLE, OK was closed by regulators 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
- **Estimated FDIC DIF cost:** $11M
- **Deposits at failure:** $31M
- **Assets at failure:** $33M
- **Acquiring bank:** ALLIED OKLAHOMA BANK NA (OKLAHOMA CITY, OK)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BANK%20OF%20NEWCASTLE

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF NEWCASTLE (FDIC ID 992), failed 1985-05-16. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/992.

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