Bank failure · OK

Century Bank (Tulsa, OK) — failed March 24, 1988

Century Bank of Tulsa, Oklahoma was closed on March 24, 1988 and resolved through a purchase and assumption. Fourth Nb of Tulsa (OK) took over its insured deposits. At failure it held $70.8M in assets and $69.9M in deposits. The FDIC's estimated loss on the failure is $17.0M (23.9% of assets).