Bank failure · OK

The First Nat Bank & Trust Co. of Cushing (Cushing, OK) — failed March 10, 1988

The First Nat Bank & Trust Co. of Cushing of Cushing, Oklahoma was closed on March 10, 1988 and resolved through a insured deposit transfer. American Nb of Bristow (OK) took over its insured deposits. At failure it held $60.3M in assets and $61.2M in deposits. The FDIC's estimated loss on the failure is $20.0M (33.1% of assets).