Bank failure · OK
The First National Bank of Davis (Davis, OK) — failed March 11, 2011
The First National Bank of Davis of Davis, Oklahoma was closed on March 11, 2011 and resolved through a purchase and assumption. The Pauls Valley Natiional Bank (OK) took over its insured deposits. At failure it held $90.2M in assets and $68.3M in deposits. The FDIC's estimated loss on the failure is $29.8M (33.1% of assets).
- Closing date
- March 11, 2011
- FDIC certificate #
- 4077
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The Pauls Valley Natiional Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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