Bank failure · OK

First Bank & Trust Co. (Duncan, OK) — failed December 8, 1988

First Bank & Trust Co. of Duncan, Oklahoma was closed on December 8, 1988 and resolved through a purchase and assumption. First Bank&trust Co (OK) took over its insured deposits. At failure it held $42.0M in assets and $45.2M in deposits. The FDIC's estimated loss on the failure is $9.6M (22.8% of assets).