Bank failure · OK
First National Bank of Sapulpa (Sapulpa, OK) — failed March 5, 1987
First National Bank of Sapulpa of Sapulpa, Oklahoma was closed on March 5, 1987 and resolved through a purchase and assumption. American Nb&t Co Sapulpa (OK) took over its insured deposits. At failure it held $7.5M in assets and $7.6M in deposits. The FDIC's estimated loss on the failure is $2.5M (33.7% of assets).
- Closing date
- March 5, 1987
- FDIC certificate #
- 24262
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- American Nb&t Co Sapulpa
- Insurance fund
- FDIC
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