Bank failure · OK

Medical Center State Bank (Oklahoma City, OK) — failed October 27, 1988

Medical Center State Bank of Oklahoma City, Oklahoma was closed on October 27, 1988 and resolved through a purchase and assumption. American State Bank (OK) took over its insured deposits. At failure it held $8.7M in assets and $8.6M in deposits. The FDIC's estimated loss on the failure is $2.1M (24.0% of assets).