Bank failure · OK
Cross Roads S & LA (Checotah, OK) — failed July 13, 1989
Cross Roads S & LA of Checotah, Oklahoma was closed on July 13, 1989 and resolved through a insured deposit transfer. Peoples Nb (OK) took over its insured deposits. At failure it held $16.8M in assets and $17.2M in deposits. The FDIC's estimated loss on the failure is $14.6M (87.0% of assets).
- Closing date
- July 13, 1989
- FDIC certificate #
- 32154
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Peoples Nb
- Insurance fund
- RTC
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