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Bank failure · OK

The First National Bank & Tr Co. (Enid, OK) — failed November 6, 1986

The First National Bank & Tr Co. of Enid, Oklahoma was closed on November 6, 1986 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $100.1M in assets and $96.8M in deposits. The FDIC's estimated loss on the failure is $27.4M (27.4% of assets).

Closing date
November 6, 1986
FDIC certificate #
4090
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

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What happens when a bank fails