Bank failure · OK
Sooner Federal Savings Assoc. (Tulsa, OK) — failed November 16, 1989
Sooner Federal Savings Assoc. of Tulsa, Oklahoma was closed on November 16, 1989 and resolved through a purchase and assumption. First Gibraltar Bank, FSB (TX) took over its insured deposits. At failure it held $1.5B in assets and $1.2B in deposits. The FDIC's estimated loss on the failure is $152.8M (10.0% of assets).
- Closing date
- November 16, 1989
- FDIC certificate #
- 28649
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Gibraltar Bank, FSB
- Insurance fund
- RTC
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- United Community Bank CA
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- First American Bank and Trust FL
- Yorkridge-Calvert Federal Savings MD
- Louisiana Savings Assn. LA
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