Bank failure · OK
The Security State Bank (Davenport, OK) — failed August 6, 1987
The Security State Bank of Davenport, Oklahoma was closed on August 6, 1987 and resolved through a purchase and assumption. First State Bank (OK) took over its insured deposits. At failure it held $9.4M in assets and $8.8M in deposits. The FDIC's estimated loss on the failure is $3.6M (38.7% of assets).
- Closing date
- August 6, 1987
- FDIC certificate #
- 6004
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First State Bank
- Insurance fund
- FDIC
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