Bank failure · OK
Oakwood National Bank (Enid, OK) — failed January 27, 1989
Oakwood National Bank of Enid, Oklahoma was closed on January 27, 1989 and resolved through a purchase and assumption. National Bk of Com of Al (OK) took over its insured deposits. At failure it held $23.0M in assets and $26.8M in deposits. The FDIC's estimated loss on the failure is $7.4M (32.1% of assets).
- Closing date
- January 27, 1989
- FDIC certificate #
- 24537
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- National Bk of Com of Al
- Insurance fund
- FDIC
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