Bank failure · OK

American State Bank (Thomas, OK) — failed October 19, 1984

American State Bank of Thomas, Oklahoma was closed on October 19, 1984 and resolved through a purchase and assumption. Bank of Thomas (OK) took over its insured deposits. At failure it held $23.9M in assets and $22.2M in deposits. The FDIC's estimated loss on the failure is $6.9M (29.0% of assets).