Bank failure · OK

The First State Bank in Talihina (Talihina, OK) — failed September 22, 1988

The First State Bank in Talihina of Talihina, Oklahoma was closed on September 22, 1988 and resolved through a purchase and assumption. Spiro State Bank (OK) took over its insured deposits. At failure it held $15.8M in assets and $14.7M in deposits. The FDIC's estimated loss on the failure is $2.8M (17.7% of assets).