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Failed Bank Information for The Bank of Union, El Reno, OK

On January 24, 2014, The Bank of Union was closed by the Oklahoma State Banking Department. The FDIC was named Receiver. BancFirst, Oklahoma City, OK acquired all deposit accounts.

The FDIC as Receiver for The Bank of Union, El Reno, OK has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on April 27, 2021 and has made all dividend distributions required by law.

Effective August 1, 2021, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination

Effective Date: August 1, 2021


Notice of Intent to Terminate

Publication Date: April 27, 2021

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

caution

Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: BANCFIRST

About BancFirst

All deposit accounts, excluding certain Cede & Co. brokered deposits, were transferred to BancFirst, Oklahoma City, OK ("assuming institution"). Former The Bank of Union locations reopened as branches of BancFirst.

Your transferred deposits were separately insured from any accounts you may have already had at BancFirst for at least six months after the failure of The Bank of Union.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with BancFirst as long as the deposits are not pledged as collateral for loans.

Contacting BancFirst

You can contact BancFirst:

BancFirst
100 N Broadway Ave
Oklahoma City, OK 73102

BancFirst (www.bancfirst.bank)

Transaction Documentation

Purchase & Assumption Agreement - PDF (17Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank