Bank failure · OK
Rolling Hills State Bank (Piedmont, OK) — failed January 12, 1989
Rolling Hills State Bank of Piedmont, Oklahoma was closed on January 12, 1989 and resolved through a purchase and assumption. Farmers & Merchants Bank of (OK) took over its insured deposits. At failure it held $13.2M in assets and $13.1M in deposits. The FDIC's estimated loss on the failure is $1.8M (13.4% of assets).
- Closing date
- January 12, 1989
- FDIC certificate #
- 22239
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Farmers & Merchants Bank of
- Insurance fund
- FDIC
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