Bank failure · OK

Penn Square Bank, N.A. (Oklahoma City, OK) — failed July 5, 1982

Penn Square Bank, N.A. of Oklahoma City, Oklahoma was closed on July 5, 1982 and resolved through a dinb. 0 (0) took over its insured deposits. At failure it held $436.5M in assets and $390.0M in deposits. The FDIC's estimated loss on the failure is $65.0M (14.9% of assets).