Bank failure · OK

Union Bank & Trust (Bartlesville, OK) — failed July 21, 1988

Union Bank & Trust of Bartlesville, Oklahoma was closed on July 21, 1988 and resolved through a purchase and assumption. First Nb in Bartlesville (OK) took over its insured deposits. At failure it held $115.4M in assets and $129.0M in deposits. The FDIC's estimated loss on the failure is $33.1M (28.7% of assets).