Bank failure · OK
Sunbelt Fs&la (Watonga, OK) — failed August 20, 1987
Sunbelt Fs&la of Watonga, Oklahoma was closed on August 20, 1987 and resolved through a assisted merger. Chisholm Fs&la (OK) took over its insured deposits. At failure it held $65.5M in assets and $60.1M in deposits. The FDIC's estimated loss on the failure is $35.4M (54.0% of assets).
- Closing date
- August 20, 1987
- FDIC certificate #
- 31778
- Resolution
- Assisted merger (failure)
- Acquiring institution
- Chisholm Fs&la
- Insurance fund
- FSLIC
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