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Bank failure · OK

The First Nat Bank & Trust Co. of El Reno (El Reno, OK) — failed August 7, 1986

The First Nat Bank & Trust Co. of El Reno of El Reno, Oklahoma was closed on August 7, 1986 and resolved through a insured deposit transfer. American Nb of Lawton (OK) took over its insured deposits. At failure it held $47.2M in assets and $44.2M in deposits. The FDIC's estimated loss on the failure is $15.5M (32.9% of assets).

Closing date
August 7, 1986
FDIC certificate #
4088
Resolution
Insured deposit transfer (failure)
Acquiring institution
American Nb of Lawton
Insurance fund
FDIC

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What happens when a bank fails