Bank failure · OK
The Bank of Union (El Reno, OK) — failed January 24, 2014
The Bank of Union of El Reno, Oklahoma was closed on January 24, 2014 and resolved through a purchase and assumption. Bancfirst (OK) took over its insured deposits. At failure it held $317.2M in assets and $315.8M in deposits. The FDIC's estimated loss on the failure is $93.3M (29.4% of assets).
- Closing date
- January 24, 2014
- FDIC certificate #
- 17967
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- BancFirst
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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