Failures by State

Bank Failures in Oklahoma

171 FDIC-insured banks headquartered in Oklahoma have failed since 1935, the 5th most of any state or territory. The most recent was First NB of Lindsay on October 18, 2024. The worst year was 1987, with 36 failures. Failed banks held $15.91B in assets at closing.

171

Failures

1935 to 2024

$15.91B

Failed assets

At closing

$3.95B

Estimated DIF loss

FDIC estimate

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Largest bank failures in Oklahoma

Date	Bank	City	Assets	Acquirer or resolution
Jul 14, 1986	The First Nat BK & TR Co. of Oklahoma	Oklahoma City	$1.75B	First Intrst BK Ok CTY N
Nov 16, 1989	Sooner Federal Savings Assoc.	Tulsa	$1.53B	First Gibraltar Bank, FSB
Aug 31, 1988	Frontier Savings & Loan	Ponca City	$1.03B	Commercial Fed BK a FSB
Apr 19, 1991	Cimarron Federal Savings	Muskogee	$782.0M	Branch sale
Mar 16, 1989	Continental FS & La	Oklahoma City	$645.1M	Branch sale
Mar 13, 1987	Victor S&LA	Muskogee	$601.3M	Cimarron FS&LA
Jul 9, 2010	Home National Bank	Blackwell	$585.4M	RCB Bank
Feb 16, 1990	State FS & La	Tulsa	$526.3M	Branch sale
Jul 5, 1982	Penn Square Bank, N.A.	Oklahoma City	$436.5M	—
Apr 26, 1991	Red River FS & La	Lawton	$422.2M	Branch sale

Oklahoma bank failures by year

Year	Failures	Failed assets
2024	1	$107.8M
2014	2	$340.0M
2012	1	$44.4M
2011	2	$134.7M
2010	1	$585.4M
2009	1	$90.9M
1992	2	$17.8M
1991	8	$1.72B
1990	12	$841.6M
1989	20	$3.02B
1988	34	$3.22B
1987	36	$1.94B
1986	17	$2.80B
1985	13	$324.3M
1984	5	$244.6M
1983	1	$11.1M
1982	2	$448.0M
1977	1	$2.0M
1968	1	$5.6M
1961	2	$2.6M
1960	1	$7.5M
1948	1	$1.8M
1941	1	$822K
1940	1	$143K
1939	1	$132K
1936	2	—
1935	2	$691K

Every bank failure in Oklahoma

Date	Bank	City	Assets	Acquirer or resolution
Oct 18, 2024	First NB of Lindsay	Lindsay	$107.8M	First Bank & Trust Co.
Jun 27, 2014	The Freedom State Bank	Freedom	$22.8M	Alva State Bank & Trust Company
Jan 24, 2014	The Bank of Union	El Reno	$317.2M	BancFirst
Jun 8, 2012	First Capital Bank	Kingfisher	$44.4M	F & M Bank
Mar 11, 2011	The First National Bank of Davis	Davis	$90.2M	The Pauls Valley Natiional Bank
Jan 28, 2011	The First State Bank	Camargo	$44.5M	Bank 7
Jul 9, 2010	Home National Bank	Blackwell	$585.4M	RCB Bank
Jul 31, 2009	First State Bank of Altus	Altus	$90.9M	Herring Bank
Mar 26, 1992	American Bank of Commerce	Oklahoma City	$13.5M	Rockwell Bank National a
Mar 19, 1992	Farmers & Merchants Bank	Tryon	$4.3M	Union NB of Chandler
Aug 29, 1991	First National Bank and Trust Co	Blackwell	$33.5M	Central National Bank & Tru
Jul 19, 1991	Clinton S & La	Clinton	$22.2M	Local Federal Bank, FSB
Apr 26, 1991	Red River FS & La	Lawton	$422.2M	Branch sale
Apr 19, 1991	Cimarron Federal Savings	Muskogee	$782.0M	Branch sale
Apr 19, 1991	Chisholm FS & La	Kingfisher	$154.4M	Branch sale
Mar 22, 1991	First FSA of Chickasha	Chickasha	$161.4M	Branch sale
Mar 22, 1991	American Federal Bank	Ada	$110.2M	Home FS&LA of Ada
Mar 8, 1991	First FSA of Wewoka	Wewoka	$32.9M	First State Bank
Dec 13, 1990	First State Bank	Lexington	$7.5M	The McClain County National
Aug 24, 1990	Broken Arrow Savings Assoc.	Broken Arrow	$26.9M	Metro Bank of Broken Arrow
Aug 16, 1990	Capitol Bank & Trust	Oklahoma City	$33.1M	First Fidelity Bank, Nation
Jul 26, 1990	Bank of Wilson	Wilson	$13.0M	American National Bank
Jul 26, 1990	First National Bank	Purcell	$10.9M	McClain County National Ban
Jun 28, 1990	Brookwood National Bank	Oklahoma City	$26.9M	The Liberty National Bank a
Jun 28, 1990	American National Bank	Elk City	$14.8M	First Community Bank
Jun 14, 1990	Exchange National Bank of Del City	Del City	$43.2M	First National Bank of Midw
Mar 15, 1990	Bank of Meeker	Meeker	$15.5M	First State Bank
Mar 9, 1990	Peoples FS & La	Bartlesville	$105.5M	WestStar Bank N.A.
Feb 16, 1990	State FS & La	Tulsa	$526.3M	Branch sale
Feb 8, 1990	The First National Bank of Colbert	Colbert	$17.9M	The Durant Bank & Trust Com
Dec 14, 1989	North Side State Bank	Tulsa	$20.4M	Bank of Tulsa
Dec 13, 1989	City National Bank of Sayre	Sayre	$21.0M	First State Bank and Trust
Nov 16, 1989	Sooner Federal Savings Assoc.	Tulsa	$1.53B	First Gibraltar Bank, FSB
Oct 26, 1989	Great Plains Savings	Weatherford	$99.8M	Local Federal Bank, FSB
Oct 19, 1989	Park Avenue Bank, National Assoc	Oklahoma City	$17.9M	Founders Bank & Trust Compa
Oct 12, 1989	North Bank, N.A.	Oklahoma City	$12.4M	The Liberty National Bank a
Oct 5, 1989	American Home S & L	Edmond	$96.7M	Founders B&TC
Oct 5, 1989	Family Savings Bank, FSB	Sapulpa	$50.9M	American NB&T
Aug 3, 1989	First Bank and Trust Company	Yale	$28.5M	Mannford State Bank
Jul 20, 1989	Utica National Bank & Trust Comp	Tulsa	$165.0M	The F & M Bank & Trust Comp
Jul 13, 1989	Cross Roads S & La	Checotah	$16.8M	Peoples NB
May 31, 1989	The First State Bank	Forgan	$11.7M	The Bank of Beaver City
May 18, 1989	The Bank of Edmond, National Assoc	Edmond	$8.1M	First Interstate of Oklahom
Apr 13, 1989	Allied Oklahoma Bank, National Assoc	Oklahoma City	$58.3M	Central Bank of Oklahoma Ci
Mar 30, 1989	Harvard Bank	Tulsa	$23.1M	Southern National Bank
Mar 16, 1989	Continental FS & La	Oklahoma City	$645.1M	Branch sale
Mar 16, 1989	The Duncan S & L Assoc.	Duncan	$148.6M	Local FB, FSB
Mar 16, 1989	First FED. S & La of Seminole	Seminole	$33.3M	First NB&TC of Holdenville
Jan 27, 1989	Oakwood National Bank	Enid	$23.0M	National BK of Com of AL
Jan 12, 1989	Rolling Hills State Bank	Piedmont	$13.2M	Farmers & Merchants Bank of

Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.

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