Breaking the Bank | Episode 504
Season 5 Episode 504 | 27m 51s
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.
Aired: 05/04/16Video has closed captioning.