Bank failure · OK
Investors Federal Bank (El Reno, OK) — failed June 18, 1987
Investors Federal Bank of El Reno, Oklahoma was closed on June 18, 1987 and resolved through a insured deposit transfer. Midwest Fs&la of Minneapoli (MN) took over its insured deposits. At failure it held $97.5M in assets and $96.3M in deposits. The FDIC's estimated loss on the failure is $60.0M (61.6% of assets).
- Closing date
- June 18, 1987
- FDIC certificate #
- 29814
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Midwest Fs&la of Minneapoli
- Insurance fund
- FSLIC
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- American Fs&la VA
- First Financial Bank, FSB LA
- Gibson Federal S&la IL
- First Fs&la of Alexandria LA
- First Financial of LA LA
- Firstbanc FSB LA
- The Falun State Bank KS
- Community Fs&la OH
- First State Bank at Shoshoni WY
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- Usbank TX
- American Bank of Commerce LA
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- Boone County Fs&la MO
- First Interstate Bank of Alaska AK
- Lewis and Clark State Bank OR
- Surety Fs&la NC
- The First National Bank in Rhome TX
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- Bancfirst-Austin, N.A. TX
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- The Farmers National Bank of Cordell OK