Bank failure · OK

First Oklahoma Savings Bank (Tulsa, OK) — failed August 31, 1988

First Oklahoma Savings Bank of Tulsa, Oklahoma was closed on August 31, 1988 and resolved through a a/a. Community Fs&la (OK) took over its insured deposits. At failure it held $37.3M in assets and $44.4M in deposits. The FDIC's estimated loss on the failure is $25.2M (67.5% of assets).