Bank failure · MO

Lakeland State Bank (Camden County, MO) — failed September 1, 1988

Lakeland State Bank of Camden County, Missouri was closed on September 1, 1988 and resolved through a purchase and assumption. Community Bank of the Oz (MO) took over its insured deposits. At failure it held $9.3M in assets and $9.2M in deposits. The FDIC's estimated loss on the failure is $546K (5.9% of assets).