Bank Failure
ELK CITY STATE BANK
Closed February 21, 1986 · ELK CITY, OK · FDIC Cert #23151.
- Closing date
- February 21, 1986
- Headquarters
- ELK CITY, OK
- FDIC Certificate
- 23151
- Total assets at closing
- $22,159,000
- Total deposits at closing
- $21,408,000
- Estimated loss to DIF
- $7,862,000
- Resolution type
- other
Context
On February 21, 1986, regulators closed ELK CITY STATE BANK, headquartered in ELK CITY, OK. At closing, the institution held approximately $22,159,000 in assets and $21,408,000 in deposits. The FDIC resolved the institution without a single-acquirer transaction. The estimated cost to the FDIC Deposit Insurance Fund was approximately $7,862,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1986
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1986-12-31 | LINCOLN FS&LA | LOUISVILLE, KY | $460,843,000 |
| 1986-12-31 | CITIZENS BANK & TRUST COMPANY | ARCADIA, LA | $10,424,000 |
| 1986-12-29 | BANK OF KANSAS CITY | KANSAS CITY, MO | $114,114,000 |
| 1986-12-22 | ST. LOUIS FS&LA | CLAYTON, MO | $955,426,000 |
| 1986-12-19 | LAKELAND STATE BANK | PEQUOT LAKES, MN | $49,435,000 |
| 1986-12-19 | FARMERS STATE BANK | LUEDERS, TX | $9,695,000 |
| 1986-12-18 | FIRST BANK & TRUST CO. | BOOKER, TX | $94,888,000 |
| 1986-12-18 | LANDMARK NATIONAL BANK | DENVER, CO | $12,879,000 |
Explore: all failures · OK bank events · 1986 events · events hub