TellerScore

Bank failure · OK

First National Bank of Temple (Temple, OK) — failed November 14, 1986

First National Bank of Temple of Temple, Oklahoma was closed on November 14, 1986 and resolved through a insured deposit transfer. Union Nb of Oklahoma (OK) took over its insured deposits. At failure it held $7.3M in assets and $7.1M in deposits. The FDIC's estimated loss on the failure is $511K (7.0% of assets).

Closing date
November 14, 1986
FDIC certificate #
18871
Resolution
Insured deposit transfer (failure)
Acquiring institution
Union Nb of Oklahoma
Insurance fund
FDIC

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What happens when a bank fails