Bank failure · OK
American Home S & L (Edmond, OK) — failed October 5, 1989
American Home S & L of Edmond, Oklahoma was closed on October 5, 1989 and resolved through a purchase and assumption. Founders B&tc (OK) took over its insured deposits. At failure it held $96.7M in assets and $79.5M in deposits. The FDIC's estimated loss on the failure is $13.7M (14.1% of assets).
- Closing date
- October 5, 1989
- FDIC certificate #
- 32152
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Founders B&tc
- Insurance fund
- RTC
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