Bank failure · OK
Broken Arrow Savings Assoc. (Broken Arrow, OK) — failed August 24, 1990
Broken Arrow Savings Assoc. of Broken Arrow, Oklahoma was closed on August 24, 1990 and resolved through a purchase and assumption. Metro Bank of Broken Arrow (OK) took over its insured deposits. At failure it held $26.9M in assets and $23.2M in deposits. The FDIC's estimated loss on the failure is $5.0M (18.4% of assets).
- Closing date
- August 24, 1990
- FDIC certificate #
- 29603
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Metro Bank of Broken Arrow
- Insurance fund
- RTC
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