Bank failure · OK
The Security Nat Bk & Tr Co. of Norman (Norman, OK) — failed January 8, 1987
The Security Nat Bk & Tr Co. of Norman of Norman, Oklahoma was closed on January 8, 1987 and resolved through a purchase and assumption. Security Nb&t Co of Norm (OK) took over its insured deposits. At failure it held $198.7M in assets and $171.2M in deposits. The FDIC's estimated loss on the failure is $86.2M (43.4% of assets).
- Closing date
- January 8, 1987
- FDIC certificate #
- 4159
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Security Nb&t Co of Norm
- Insurance fund
- FDIC
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