Bank failure · OK

Farmers National Bank of Erick (Erick, OK) — failed February 7, 1985

Farmers National Bank of Erick of Erick, Oklahoma was closed on February 7, 1985 and resolved through a purchase and assumption. First American Bank (OK) took over its insured deposits. At failure it held $16.8M in assets and $17.3M in deposits. The FDIC's estimated loss on the failure is $3.6M (21.6% of assets).