Bank failure · OK
Utica National Bank & Trust Comp (Tulsa, OK) — failed July 20, 1989
Utica National Bank & Trust Comp of Tulsa, Oklahoma was closed on July 20, 1989 and resolved through a purchase and assumption. The F & M Bank & Trust Comp (OK) took over its insured deposits. At failure it held $165.0M in assets and $177.8M in deposits. The FDIC's estimated loss on the failure is $48.0M (29.1% of assets).
- Closing date
- July 20, 1989
- FDIC certificate #
- 17198
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The F & M Bank & Trust Comp
- Insurance fund
- FDIC
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