Bank failure · OK
Park Avenue Bank, National Assoc (Oklahoma City, OK) — failed October 19, 1989
Park Avenue Bank, National Assoc of Oklahoma City, Oklahoma was closed on October 19, 1989 and resolved through a purchase and assumption. Founders Bank & Trust Compa (OK) took over its insured deposits. At failure it held $17.9M in assets and $14.4M in deposits. The FDIC's estimated loss on the failure is $776K (4.3% of assets).
- Closing date
- October 19, 1989
- FDIC certificate #
- 25698
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Founders Bank & Trust Compa
- Insurance fund
- BIF
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