Bank failure · OK
Cordell National Bank (Cordell, OK) — failed December 5, 1986
Cordell National Bank of Cordell, Oklahoma was closed on December 5, 1986 and resolved through a insured deposit transfer. City Nb of Weatherford (OK) took over its insured deposits. At failure it held $78.6M in assets and $73.5M in deposits. The FDIC's estimated loss on the failure is $35.6M (45.3% of assets).
- Closing date
- December 5, 1986
- FDIC certificate #
- 4069
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- City Nb of Weatherford
- Insurance fund
- FDIC
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