Bank failure · OK

The First National Bank in Marlow (Marlow, OK) — failed January 24, 1985

The First National Bank in Marlow of Marlow, Oklahoma was closed on January 24, 1985 and resolved through a purchase and assumption. First Nb in Marlow (OK) took over its insured deposits. At failure it held $27.4M in assets and $27.0M in deposits. The FDIC's estimated loss on the failure is $7.6M (27.8% of assets).