A Tulsa bank was closed after a $5-million run.
The Oklahoma Banking Commission took possession of the Bank of Commerce after depositors withdrew $5 million. The Federal Deposit Insurance Corp. was named receiver for the 82-year-old bank, which had about $100 million in deposits at the closing. Authorities said the bank had aggressive lending policies that got it into trouble during the oil boom years of 1979 to 1982. Its troubled loan portfolio was estimated at $75 million.
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