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Article: FIRST NATIONAL BANK OF TEMPLE FAILS, BOUGHT BY UNION OF ARKANSAS
- Article from:
- THE JOURNAL RECORD
- Article date:
- November 15, 1986
- Author:
CopyrightCopyright (null) The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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The First National Bank of Temple, located in Temple, Okla., about
30 miles southeast of Lawton and 10 miles north of the Texas border,
was declared insolvent and closed Friday by the U.S. Comptroller of
the Currency.
But, as a result of the first purchase of a failed Oklahoma bank
under the state's interstate banking law, the bank will reopen
Monday as the Union National Bank of Oklahoma, a newly chartered
subsidiary of Union of Arkansas Corp., of Little Rock.
The state's newly revised branch-banking law and the federal
Garn-St. Germain Act of 1982, which Congress let expire in early
October, have been used to accomplish the acquisition this year of
the good assets of other ...