Bank failure · OK

The Security State Bank (Mooreland, OK) — failed December 16, 1982

The Security State Bank of Mooreland, Oklahoma was closed on December 16, 1982 and resolved through a purchase and assumption. First Stb of Mooreland (OK) took over its insured deposits. At failure it held $11.6M in assets and $10.1M in deposits. The FDIC's estimated loss on the failure is $1.4M (12.2% of assets).