Bank failure · OK
The Citizens Bank (Drumright, OK) — failed September 24, 1987
The Citizens Bank of Drumright, Oklahoma was closed on September 24, 1987 and resolved through a purchase and assumption. American Nb of Bristow (OK) took over its insured deposits. At failure it held $35.1M in assets and $33.4M in deposits. The FDIC's estimated loss on the failure is $14.6M (41.6% of assets).
- Closing date
- September 24, 1987
- FDIC certificate #
- 425
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- American Nb of Bristow
- Insurance fund
- FDIC
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