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Lessons from the Failure of Penn Square Bank

The OCC examiner in charge of Penn Square's failure shares lessons from one of the most significant bank failures in U.S. history.

Steve Plunk is one of the most interesting people I’ve met in my travels around the banking industry. Steve was the OCC examiner in charge of the failure of Penn Square Bank, which set the stage for everything that has happened in banking over the past forty years. He has since worked as an executive at banks throughout Oklahoma and now is one of the leading credit experts in the country.

In this session from the banking symposium I hosted in Dallas, Steve delves into details about Penn Square’s failure that have previously never been discussed publicly. His insights on credit and bank management remain timely and invaluable. For anyone who seeks intellectual mastery in banking, the story of Penn Square is a seminal piece of the puzzle.

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