© 2021 Public Radio Tulsa
800 South Tucker Drive
Tulsa, OK 74104
(918) 631-2577

A listener-supported service of The University of Tulsa
PRT Header Color
classical 88.7 | public radio 89.5
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Local & Regional

Bank Failure

3329771-1743226835.jpg

By Associated Press

Blackwell, OK – Federal regulators close Okla. bank

BLACKWELL, Okla. (AP) A Claremore-based bank has agreed to purchase the assets and assume the deposits of a Blackwell bank that was closed by federal regulators.

The Federal Deposit Insurance Corp. says it was appointed as receiver of Home National Bank after the Office of the Comptroller of the Currency closed the bank on Friday.

The FDIC says it reached an agreement with RCB Bank to purchase about $340.7 million in Home National's assets and assume its deposits. The bank's 15 branches in Oklahoma, Kansas and Arizona reopened Saturday as branches of RCB Bank.

Officials say Home National Bank had about $644.5 million in total assets and $560.7 million in total deposits on March 31.

A message left at Home National seeking comment Saturday wasn't immediately returned.

FAMILY SLAIN