Bank failure · OK

Clinton S & LA (Clinton, OK) — failed July 19, 1991

Clinton S & LA of Clinton, Oklahoma was closed on July 19, 1991 and resolved through a purchase and assumption. Local Federal Bank, FSB (OK) took over its insured deposits. At failure it held $22.2M in assets and $21.6M in deposits. The FDIC's estimated loss on the failure is $2.4M (11.0% of assets).