Bank Failure
Bank of Earlsboro
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Closed August 11, 1961 · Earlsboro, OK .
- Closing date
- August 11, 1961
- Headquarters
- Earlsboro, OK
- Total assets at closing
- $962K
- Total deposits at closing
- $902K
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
Context
On August 11, 1961, regulators closed Bank of Earlsboro, headquartered in Earlsboro, OK. At closing, the institution held approximately $962K in assets and $902K in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 3126th largest of the 3,526 bank failures in the FDIC record, and the 5th of 5 in 1961. It falls in the period the record labels Postwar Stability (1945-1979), a period with 161 failures peaking at 16 in 1976.
Three decades of regulated calm — Reg Q ceilings, geographic branching limits, and high industry profits kept failures rare.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Bank of Earlsboro fail?
Bank of Earlsboro was closed by regulators on August 11, 1961.
How big was Bank of Earlsboro when it failed?
Bank of Earlsboro had approximately $962K in total assets and $902K in deposits at the time of failure.
Other failures in 1961
| Date | Bank | Assets |
|---|---|---|
| Dec 30, 1961 | First State Bank | $1.9M |
| Dec 19, 1961 | The First National Bank of Maud | $1.6M |
| Sep 7, 1961 | Bank of Ochlochnee | $984K |
| Jan 16, 1961 | The Sheldon National Bank | $4.4M |
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