Bank failure · OK

Republic National Bank (Norman, OK) — failed June 30, 1988

Republic National Bank of Norman, Oklahoma was closed on June 30, 1988 and resolved through a purchase and assumption. Republic Bank of Norman (OK) took over its insured deposits. At failure it held $24.3M in assets and $26.5M in deposits. The FDIC's estimated loss on the failure is $7.7M (31.8% of assets).