Bank failure · OK
First State Bank (Blanchard, OK) — failed August 13, 1987
First State Bank of Blanchard, Oklahoma was closed on August 13, 1987 and resolved through a insured deposit transfer. First State Bank (OK) took over its insured deposits. At failure it held $23.6M in assets and $21.9M in deposits. The FDIC's estimated loss on the failure is $12.1M (51.1% of assets).
- Closing date
- August 13, 1987
- FDIC certificate #
- 2313
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- First State Bank
- Insurance fund
- FDIC
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