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Bank failure · OK

Bank of Hunter (Hunter, OK) — failed April 4, 1985

Bank of Hunter of Hunter, Oklahoma was closed on April 4, 1985 and resolved through a purchase and assumption. First Nb in Tonkawa (OK) took over its insured deposits. At failure it held $3.0M in assets and $3.1M in deposits. The FDIC's estimated loss on the failure is $1.2M (41.0% of assets).

Closing date
April 4, 1985
FDIC certificate #
2336
Resolution
Purchase and assumption (failure)
Acquiring institution
First Nb in Tonkawa
Insurance fund
FDIC

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What happens when a bank fails