Bank failure · OK
First City Bank of Atoka (Atoka, OK) — failed February 12, 1987
First City Bank of Atoka of Atoka, Oklahoma was closed on February 12, 1987 and resolved through a purchase and assumption. Atoka State Bank (OK) took over its insured deposits. At failure it held $11.6M in assets and $12.4M in deposits. The FDIC's estimated loss on the failure is $2.5M (21.4% of assets).
- Closing date
- February 12, 1987
- FDIC certificate #
- 18773
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Atoka State Bank
- Insurance fund
- FDIC
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