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Bank failure · OK

Peoples Bank & Trust Company (Holdenville, OK) — failed January 29, 1987

Peoples Bank & Trust Company of Holdenville, Oklahoma was closed on January 29, 1987 and resolved through a purchase and assumption. Bank National Assn (OK) took over its insured deposits. At failure it held $20.2M in assets and $18.8M in deposits. The FDIC's estimated loss on the failure is $5.1M (25.5% of assets).

Closing date
January 29, 1987
FDIC certificate #
19522
Resolution
Purchase and assumption (failure)
Acquiring institution
Bank National Assn
Insurance fund
FDIC

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