Bank failure · OK
Citizens Bank of Krebs (Krebs, OK) — failed October 8, 1987
Citizens Bank of Krebs of Krebs, Oklahoma was closed on October 8, 1987 and resolved through a insured deposit transfer. First Nb&t Co of McAlest (OK) took over its insured deposits. At failure it held $14.7M in assets and $13.8M in deposits. The FDIC's estimated loss on the failure is $5.3M (36.3% of assets).
- Closing date
- October 8, 1987
- FDIC certificate #
- 2309
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- First Nb&t Co of McAlest
- Insurance fund
- FDIC
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