Bank failure · OK

Union Bank & Trust Company (Oklahoma City, OK) — failed March 31, 1988

Union Bank & Trust Company of Oklahoma City, Oklahoma was closed on March 31, 1988 and resolved through a purchase and assumption. Union Bank&trust Co (OK) took over its insured deposits. At failure it held $182.5M in assets and $181.8M in deposits. The FDIC's estimated loss on the failure is $11.1M (6.1% of assets).