Bank failure · OK
The First National Bank of Colbert (Colbert, OK) — failed February 8, 1990
The First National Bank of Colbert of Colbert, Oklahoma was closed on February 8, 1990 and resolved through a insured deposit transfer. The Durant Bank & Trust Com (OK) took over its insured deposits. At failure it held $17.9M in assets and $16.5M in deposits. The FDIC's estimated loss on the failure is $3.9M (21.8% of assets).
- Closing date
- February 8, 1990
- FDIC certificate #
- 4237
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- The Durant Bank & Trust Com
- Insurance fund
- BIF
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