BACK IN TIME

Breaking the Bank | Episode 504

  • Aired: 05/04/2016
  • 27:51
  • Rating: NR
Penn Square Bank was a small suburban with close to 30 million in assets. Then an oil boom in the Anadarko Basin of Oklahoma generated a flood of oil men looking for loans. Overnight Penn Square Bank grew to a bank with assets of close to half a billion dollars. However, reckless lending would lead to a catastrophic downfall that would bring down some major banking institutions of the time.
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Breaking the Bank | Episode 504
Breaking the Bank | Episode 504
he story of the collapse of Penn Square Bank in Oklahoma City.
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