Bank failure · OK

Waukomis State Bank (Waukomis, OK) — failed December 8, 1988

Waukomis State Bank of Waukomis, Oklahoma was closed on December 8, 1988 and resolved through a purchase and assumption. Cimarron Bank (OK) took over its insured deposits. At failure it held $12.0M in assets and $11.9M in deposits. The FDIC's estimated loss on the failure is $1.6M (13.0% of assets).