Bank failure · OK

Cashion Community Bank (Cashion, OK) — failed March 24, 1988

Cashion Community Bank of Cashion, Oklahoma was closed on March 24, 1988 and resolved through a purchase and assumption. Community State Bank (OK) took over its insured deposits. At failure it held $6.7M in assets and $6.6M in deposits. The FDIC's estimated loss on the failure is $2.0M (29.6% of assets).