Bank failure · TX

Oak Forest National Bank (Longview, TX) — failed July 15, 1988

Oak Forest National Bank of Longview, Texas was closed on July 15, 1988 and resolved through a a/a. Longview Bank&trust Co (TX) took over its insured deposits. At failure it held $7.4M in assets and $7.7M in deposits. The FDIC's estimated loss on the failure is $1.4M (18.6% of assets).