Bank failure · OK
Mustang National Bank (Mustang, OK) — failed September 17, 1987
Mustang National Bank of Mustang, Oklahoma was closed on September 17, 1987 and resolved through a purchase and assumption. First National Bank of M (OK) took over its insured deposits. At failure it held $12.1M in assets and $11.5M in deposits. The FDIC's estimated loss on the failure is $2.7M (22.2% of assets).
- Closing date
- September 17, 1987
- FDIC certificate #
- 25733
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First National Bank of M
- Insurance fund
- FDIC
Other failures in 1987
- First Financial Bank, FSB LA
- Gibson Federal S&la IL
- American Fs&la VA
- First Fs&la of Slidell LA
- Firstbanc FSB LA
- First Financial of LA LA
- First Fs&la of Alexandria LA
- Community Fs&la OH
- The Falun State Bank KS
- First State Bank at Shoshoni WY
- Usbank TX
- American Bank of Commerce LA
- Bank of Mabank TX
- Boone County Fs&la MO
- Mt. Pleasant S&la TX
- Surety Fs&la NC
- First Interstate Bank of Alaska AK
- Lewis and Clark State Bank OR
- Louisiana Bank & Trust Company LA
- The First National Bank in Rhome TX
- American Bank in Louisiana LA
- Bancfirst-Austin, N.A. TX
- Heritage National Bank TX
- Crofton State Bank NE