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Bank failure · OK

First Continental Bank & Trust Company of (Del City, OK) — failed May 11, 1984

First Continental Bank & Trust Company of of Del City, Oklahoma was closed on May 11, 1984 and resolved through a insured deposit transfer. United Ok Bank of Del Ci (OK) took over its insured deposits. At failure it held $107.2M in assets and $104.0M in deposits. The FDIC's estimated loss on the failure is $21.3M (19.9% of assets).

Closing date
May 11, 1984
FDIC certificate #
18112
Resolution
Insured deposit transfer (failure)
Acquiring institution
United Ok Bank of Del Ci
Insurance fund
FDIC

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What happens when a bank fails