Bank failure · OK

First State Bank (Cache, OK) — failed January 9, 1986

First State Bank of Cache, Oklahoma was closed on January 9, 1986 and resolved through a purchase and assumption. American Nb of Lawton (OK) took over its insured deposits. At failure it held $20.7M in assets and $18.9M in deposits. The FDIC's estimated loss on the failure is $4.1M (19.8% of assets).