Bank failure · OK

Farmers State Bank in Afton (Afton, OK) — failed October 17, 1985

Farmers State Bank in Afton of Afton, Oklahoma was closed on October 17, 1985 and resolved through a purchase and assumption. Security Bank&trust Co (OK) took over its insured deposits. At failure it held $10.8M in assets and $9.9M in deposits. The FDIC's estimated loss on the failure is $2.8M (25.6% of assets).