Bank failure · OK

Elk City State Bank (Elk City, OK) — failed February 21, 1986

Elk City State Bank of Elk City, Oklahoma was closed on February 21, 1986 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $22.2M in assets and $21.4M in deposits. The FDIC's estimated loss on the failure is $7.9M (35.5% of assets).