Bank failure · OK

First Fsa of Wewoka (Wewoka, OK) — failed March 8, 1991

First Fsa of Wewoka of Wewoka, Oklahoma was closed on March 8, 1991 and resolved through a purchase and assumption. First State Bank (OK) took over its insured deposits. At failure it held $32.9M in assets and $27.9M in deposits. The FDIC's estimated loss on the failure is $5.2M (15.9% of assets).