Bank failure · OK
The Bank of Edmond, National Assoc (Edmond, OK) — failed May 18, 1989
The Bank of Edmond, National Assoc of Edmond, Oklahoma was closed on May 18, 1989 and resolved through a purchase and assumption. First Interstate of Oklahom (OK) took over its insured deposits. At failure it held $8.1M in assets and $8.5M in deposits. The FDIC's estimated loss on the failure is $680K (8.4% of assets).
- Closing date
- May 18, 1989
- FDIC certificate #
- 25218
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Interstate of Oklahom
- Insurance fund
- FDIC
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