Bank Failure
Central Bank & Trust of Tulsa
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Closed September 10, 1986 · Tulsa, OK · FDIC Cert #19167.
- Closing date
- September 10, 1986
- Headquarters
- Tulsa, OK
- FDIC Certificate
- 19167
- Total assets (last filing before closing)
- $80.1M
- Total deposits (last filing before closing)
- $71.6M
- Estimated loss to the insurance fund
- $13.4M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- F&M Bank&trust Co
Context
On September 10, 1986, regulators closed Central Bank & Trust of Tulsa, headquartered in Tulsa, OK. At closing, the institution held approximately $80.1M in assets and $71.6M in deposits. The FDIC record names F&M Bank&trust Co as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $13.4M.
By total assets in its last filing before closing, this is the 1339th largest of the 3,526 bank failures in the FDIC record, and the 29th of 162 in 1986. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing, in nominal dollars, and can differ from the balance on the closing day.
Common questions
When did Central Bank & Trust of Tulsa fail?
Central Bank & Trust of Tulsa was closed by regulators on September 10, 1986.
Who acquired Central Bank & Trust of Tulsa?
The FDIC record names F&M Bank&trust Co as the acquiring institution in the resolution of Central Bank & Trust of Tulsa.
How big was Central Bank & Trust of Tulsa when it failed?
Central Bank & Trust of Tulsa had approximately $80.1M in total assets and $71.6M in deposits at the time of failure.
Other failures in 1986
| Date | Bank | Assets |
|---|---|---|
| Dec 19, 1986 | Lakeland State Bank | $49.4M |
| Dec 19, 1986 | Farmers State Bank | $9.7M |
| Dec 18, 1986 | First Bank & Trust Co. | $94.9M |
| Dec 18, 1986 | Landmark National Bank | $12.9M |
| Dec 18, 1986 | Lago Vista National Bank | $11.9M |
| Dec 12, 1986 | Guaranty Federal Bank FSB | $63.8M |
| Dec 12, 1986 | First Savings of America | $47.0M |
| Dec 9, 1986 | The Citizens Bank of Windsor | $24.8M |
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