Bank failure · OK

Miami National Bank (Miami, OK) — failed November 10, 1988

Miami National Bank of Miami, Oklahoma was closed on November 10, 1988 and resolved through a purchase and assumption. Bank of Miami (OK) took over its insured deposits. At failure it held $9.2M in assets and $9.6M in deposits. The FDIC's estimated loss on the failure is $2.4M (26.2% of assets).