Bank failure · OK
American Exchange Bank & Trust Co (Norman, OK) — failed August 20, 1987
American Exchange Bank & Trust Co of Norman, Oklahoma was closed on August 20, 1987 and resolved through a purchase and assumption. Bank of Oklahoma NA (OK) took over its insured deposits. At failure it held $87.8M in assets and $95.8M in deposits. The FDIC's estimated loss on the failure is $40.6M (46.2% of assets).
- Closing date
- August 20, 1987
- FDIC certificate #
- 19164
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of Oklahoma NA
- Insurance fund
- FDIC
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