Bank failure · OK
City National Bank of Sayre (Sayre, OK) — failed December 13, 1989
City National Bank of Sayre of Sayre, Oklahoma was closed on December 13, 1989 and resolved through a purchase and assumption. First State Bank and Trust (OK) took over its insured deposits. At failure it held $21.0M in assets and $22.4M in deposits. The FDIC's estimated loss on the failure is $3.8M (18.2% of assets).
- Closing date
- December 13, 1989
- FDIC certificate #
- 4192
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First State Bank and Trust
- Insurance fund
- BIF
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