Bank failure · OK

Town & Country Bank (Bixby, OK) — failed September 15, 1988

Town & Country Bank of Bixby, Oklahoma was closed on September 15, 1988 and resolved through a purchase and assumption. Brookside State Bank (OK) took over its insured deposits. At failure it held $30.8M in assets and $38.4M in deposits. The FDIC's estimated loss on the failure is $19.3M (62.7% of assets).