Data / Bank failures / 1988 / Lakeland State Bank
Lakeland State Bank, Camden County, MO: failed September 1, 1988
Lakeland State Bank in Camden County, Missouri, failed on September 1, 1988. Community Bank of the Oz of Sunrise Beach, MO, took over its deposits. It held $9.3 million in assets and $9.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $546,346 (5.9% of its assets). By assets it was the 442nd largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- September 1, 1988
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Community Bank of the Oz, Sunrise Beach, MO
- Total assets
- $9,264,000
- Total deposits
- $9,199,000
- Estimated cost to the FDIC
- $546,346 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 20087
Other bank failures in Missouri, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Community FS & La | ST. Louis | December 14, 1990 | $1.98 billion | $2.28 billion | $305.9 million | Boatmen's Bancshares, Inc. |
| Boonslick S & La | Boonville | November 2, 1990 | $70.2 million | $70.1 million | $2.9 million | |
| Gentry County Bank | Albany | May 24, 1990 | $42.3 million | $46.3 million | $5.6 million | Citizens National Bank |
| First Fed. Savings Bank & Trust | Independence | May 4, 1990 | $25.4 million | $21.1 million | $9.9 million | Bank 10 |
| Colonial S & La | Cape Girardeau | January 26, 1990 | $170.9 million | $157.4 million | $8 million | |
| ST. Louis County Savings Assoc. | Ferguson | January 11, 1990 | $85.8 million | $81.2 million | $9,713 | South Side NB in ST. Louis |
| 102 Valley Bank | Hopkins | July 5, 1989 | $5 million | $5 million | $1.7 million | The Nodaway Valley Bank |
| Mid Missouri S & L Assoc. | Boonville | June 29, 1989 | $76.7 million | $67.6 million | $16.6 million | United S&LA |
All bank failures in 1988 · All bank failures in Missouri · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.