Bank failure · OK
The Madill Bank & Trust Company (Madill, OK) — failed March 20, 1987
The Madill Bank & Trust Company of Madill, Oklahoma was closed on March 20, 1987 and resolved through a purchase and assumption. First American National (OK) took over its insured deposits. At failure it held $39.6M in assets and $39.0M in deposits. The FDIC's estimated loss on the failure is $11.3M (28.6% of assets).
- Closing date
- March 20, 1987
- FDIC certificate #
- 4243
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First American National
- Insurance fund
- FDIC
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