Bank failure · OK

Bank of Canton (Canton, OK) — failed October 10, 1985

Bank of Canton of Canton, Oklahoma was closed on October 10, 1985 and resolved through a purchase and assumption. Community State Bank of Can (OK) took over its insured deposits. At failure it held $22.4M in assets and $20.6M in deposits. The FDIC's estimated loss on the failure is $8.6M (38.2% of assets).