Bank failure · OK
Eighty Niner Bank of Coyle (Coyle, OK) — failed June 25, 1987
Eighty Niner Bank of Coyle of Coyle, Oklahoma was closed on June 25, 1987 and resolved through a purchase and assumption. Oklahoma State Bank (OK) took over its insured deposits. At failure it held $6.6M in assets and $6.0M in deposits. The FDIC's estimated loss on the failure is $1.5M (23.2% of assets).
- Closing date
- June 25, 1987
- FDIC certificate #
- 4073
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Oklahoma State Bank
- Insurance fund
- FDIC
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