Bank failure · OK
Continental Fs & LA (Oklahoma City, OK) — failed March 16, 1989
Continental Fs & LA of Oklahoma City, Oklahoma was closed on March 16, 1989 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $645.1M in assets and $528.4M in deposits. The FDIC's estimated loss on the failure is $198.9M (30.8% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 28058
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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