Bank failure · OK

Midamerica Fs&la (Tulsa, OK) — failed August 31, 1988

Midamerica Fs&la of Tulsa, Oklahoma was closed on August 31, 1988 and resolved through a a/a. Community Fs&la (OK) took over its insured deposits. At failure it held $482.5M in assets and $391.6M in deposits. The FDIC's estimated loss on the failure is $117.9M (24.4% of assets).