Bank failure · OK

First National Bank in Cordell (Cordell, OK) — failed July 31, 1986

First National Bank in Cordell of Cordell, Oklahoma was closed on July 31, 1986 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $23.0M in assets and $22.8M in deposits. The FDIC's estimated loss on the failure is $8.8M (38.1% of assets).