Bank failure · OK

First National Bank and Trust Co (Blackwell, OK) — failed August 29, 1991

First National Bank and Trust Co of Blackwell, Oklahoma was closed on August 29, 1991 and resolved through a purchase and assumption. Central National Bank & Tru (OK) took over its insured deposits. At failure it held $33.5M in assets and $33.8M in deposits. The FDIC's estimated loss on the failure is $1.1M (3.2% of assets).