Bank failure · OK
First Bank and Trust Company (Yale, OK) — failed August 3, 1989
First Bank and Trust Company of Yale, Oklahoma was closed on August 3, 1989 and resolved through a purchase and assumption. Mannford State Bank (OK) took over its insured deposits. At failure it held $28.5M in assets and $27.7M in deposits. The FDIC's estimated loss on the failure is $8.3M (29.0% of assets).
- Closing date
- August 3, 1989
- FDIC certificate #
- 4233
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Mannford State Bank
- Insurance fund
- FDIC
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