Bank failure · OK
First National Bank of Braman (Braman, OK) — failed April 9, 1987
First National Bank of Braman of Braman, Oklahoma was closed on April 9, 1987 and resolved through a purchase and assumption. Community Bank (OK) took over its insured deposits. At failure it held $12.2M in assets and $11.7M in deposits. The FDIC's estimated loss on the failure is $4.8M (39.6% of assets).
- Closing date
- April 9, 1987
- FDIC certificate #
- 4047
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Community Bank
- Insurance fund
- FDIC
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