Bank failure · OK

First National Bank (Purcell, OK) — failed July 26, 1990

First National Bank of Purcell, Oklahoma was closed on July 26, 1990 and resolved through a purchase and assumption. McClain County National Ban (OK) took over its insured deposits. At failure it held $10.9M in assets and $11.1M in deposits. The FDIC's estimated loss on the failure is $1.5M (13.5% of assets).