Bank failure · OK
First Fed. S & LA of Seminole (Seminole, OK) — failed March 16, 1989
First Fed. S & LA of Seminole of Seminole, Oklahoma was closed on March 16, 1989 and resolved through a insured deposit transfer. First Nb&tc of Holdenville (OK) took over its insured deposits. At failure it held $33.3M in assets and $35.4M in deposits. The FDIC's estimated loss on the failure is $5.5M (16.6% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 29128
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- First Nb&tc of Holdenville
- Insurance fund
- RTC
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