Bank failure · OK

Alliance Bank, N.A. (Oklahoma City, OK) — failed November 16, 1988

Alliance Bank, N.A. of Oklahoma City, Oklahoma was closed on November 16, 1988 and resolved through a a/a. First National Bank (OK) took over its insured deposits. At failure it held $8.9M in assets and $11.9M in deposits. The FDIC's estimated loss on the failure is $4.1M (46.6% of assets).