Bank failure · OK

Home Savings Bank, Fa (Lawton, OK) — failed August 31, 1988

Home Savings Bank, Fa of Lawton, Oklahoma was closed on August 31, 1988 and resolved through a assisted merger. Red River Fs&la (OK) took over its insured deposits. At failure it held $264.1M in assets and $211.5M in deposits. The FDIC's estimated loss on the failure is $93.9M (35.6% of assets).