Bank failure · OK

American Federal Bank (Ada, OK) — failed March 22, 1991

American Federal Bank of Ada, Oklahoma was closed on March 22, 1991 and resolved through a purchase and assumption. Home Fs&la of Ada (OK) took over its insured deposits. At failure it held $110.2M in assets and $90.4M in deposits. The FDIC's estimated loss on the failure is $44.6M (40.4% of assets).