Bank failure · OK

Frontier Savings & Loan (Ponca City, OK) — failed August 31, 1988

Frontier Savings & Loan of Ponca City, Oklahoma was closed on August 31, 1988 and resolved through a purchase and assumption. Commercial Fed Bk a FSB (NE) took over its insured deposits. At failure it held $1.0B in assets and $826.8M in deposits. The FDIC's estimated loss on the failure is $382.3M (37.1% of assets).