Bank failure · OK
Family Savings Bank, FSB (Sapulpa, OK) — failed October 5, 1989
Family Savings Bank, FSB of Sapulpa, Oklahoma was closed on October 5, 1989 and resolved through a insured deposit transfer. American Nb&t (OK) took over its insured deposits. At failure it held $50.9M in assets and $52.8M in deposits. The FDIC's estimated loss on the failure is $4.1M (8.0% of assets).
- Closing date
- October 5, 1989
- FDIC certificate #
- 28550
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- American Nb&t
- Insurance fund
- RTC
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