Bank failure · OK

The Security State Bank (Comanche, OK) — failed September 22, 1988

The Security State Bank of Comanche, Oklahoma was closed on September 22, 1988 and resolved through a purchase and assumption. American National Bank (OK) took over its insured deposits. At failure it held $9.0M in assets and $8.9M in deposits. The FDIC's estimated loss on the failure is $1.6M (18.1% of assets).