FDIC Open-Bank Assistance
The Pawnee National Bank
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Assistance provided September 12, 1990 · Pawnee, OK · FDIC Cert #4178.
- Assistance date
- September 12, 1990
- Headquarters
- Pawnee, OK
- FDIC Certificate
- 4178
- Total assets at the time
- $14.2M
- Total deposits at the time
- $14.6M
- Estimated loss to the insurance fund
- $2.3M
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Open-bank assistance (the institution stayed open)
- Acquirer
- The Pawnee National Bank
Context
On September 12, 1990, the FDIC provided open-bank assistance to The Pawnee National Bank, headquartered in Pawnee, OK. The institution continued operating. At the time it held approximately $14.2M in assets and $14.6M in deposits. The assistance went to the bank itself; no other institution acquired it. The estimated cost to the Bank Insurance Fund (BIF) was approximately $2.3M.
The FDIC record for 1990 holds 381 failures and 1 open-bank assistance transaction. 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.
Common questions
When did the FDIC provide assistance to The Pawnee National Bank?
The Pawnee National Bank received FDIC open-bank assistance on September 12, 1990; it did not fail.
How big was The Pawnee National Bank at the time of assistance?
The Pawnee National Bank had approximately $14.2M in total assets and $14.6M in deposits at the time of assistance.
Bank failures in 1990
| Date | Bank | Assets |
|---|---|---|
| Dec 28, 1990 | Capitol Bank and Trust Company | $485.6M |
| Dec 28, 1990 | Southern FS | $230.8M |
| Dec 28, 1990 | First FS & La of Andalusia | $38.7M |
| Dec 27, 1990 | Enterprise Savings Bank, F.A. | $432.6M |
| Dec 21, 1990 | Arkansas FSB | $71.7M |
| Dec 15, 1990 | Mid-America FS & La | $1.21B |
| Dec 14, 1990 | Community FS & La | $1.98B |
| Dec 14, 1990 | Comfed Savings Bank | $1.40B |
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