Bank failure · OK
The First National Bank of Luther (Luther, OK) — failed August 13, 1987
The First National Bank of Luther of Luther, Oklahoma was closed on August 13, 1987 and resolved through a purchase and assumption. First Wagoner Bank&trust (OK) took over its insured deposits. At failure it held $17.1M in assets and $17.6M in deposits. The FDIC's estimated loss on the failure is $9.6M (56.1% of assets).
- Closing date
- August 13, 1987
- FDIC certificate #
- 4136
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Wagoner Bank&trust
- Insurance fund
- FDIC
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