Bank failure · OK

The Security Bank (Warner, OK) — failed July 14, 1988

The Security Bank of Warner, Oklahoma was closed on July 14, 1988 and resolved through a purchase and assumption. Vian State Bank (OK) took over its insured deposits. At failure it held $9.4M in assets and $9.4M in deposits. The FDIC's estimated loss on the failure is $601K (6.4% of assets).