Bank failure · OK
Expressway Bank (Oklahoma City, OK) — failed March 12, 1987
Expressway Bank of Oklahoma City, Oklahoma was closed on March 12, 1987 and resolved through a purchase and assumption. First Interstate Bk of O (OK) took over its insured deposits. At failure it held $19.1M in assets and $20.1M in deposits. The FDIC's estimated loss on the failure is $5.8M (30.6% of assets).
- Closing date
- March 12, 1987
- FDIC certificate #
- 24822
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Interstate Bk of O
- Insurance fund
- FDIC
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