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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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All Oklahoma events
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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
Dec 16, 1988 First Southwest Bank Eldorado $9.8M First State Bank&trust C
Dec 8, 1988 First Bank & Trust Co. Duncan $42.0M First Bank&trust Co
Dec 8, 1988 Waukomis State Bank Waukomis $12.0M Cimarron Bank
Nov 10, 1988 Bank of the Northwest Woodward $19.5M Bank of Woodward
Nov 10, 1988 Miami National Bank Miami $9.2M Bank of Miami
Nov 10, 1988 The First National Bank of Gracemont Gracemont $6.6M First State Bank
Oct 27, 1988 Medical Center State Bank Oklahoma City $8.7M American State Bank
Sep 29, 1988 First State Bank Seminole $12.2M First State Bank
Sep 22, 1988 The First State Bank in Talihina Talihina $15.8M Spiro State Bank
Sep 22, 1988 The Security State Bank Comanche $9.0M American National Bank
Sep 15, 1988 Town & Country Bank Bixby $30.8M Brookside State Bank
Sep 1, 1988 American Bank of Muskogee Muskogee $28.6M Citizens NB&T of Muskoge
Aug 31, 1988 Frontier Savings & Loan Ponca City $1.03B Commercial Fed BK a FSB
Aug 31, 1988 Phoenix FS&LA Muskogee $419.4M Cimarron FS&LA
Aug 31, 1988 Home Savings Bank, F.A. Lawton $264.1M Red River FS&LA
Aug 31, 1988 Home S&LA Bartlesville $173.5M Cimarron FS&LA
Aug 31, 1988 Kingfisher FS&LA Kingfisher $124.4M Chisholm
Aug 31, 1988 First FS&LA Elk City $106.7M Red River FS&LA
Aug 31, 1988 Heritage S&LA Elk City $80.8M Red River
Aug 31, 1988 Peoples FS&LA Ardmore $49.9M Red River FS&LA
Aug 18, 1988 Citizens State Bank Maud $11.1M Bank National Assn
Jul 29, 1988 American of Anadarko Anadarko $65.1M —
Jul 21, 1988 Union Bank & Trust Bartlesville $115.4M First NB in Bartlesville
Jul 14, 1988 The Security Bank Warner $9.4M Vian State Bank
Jun 30, 1988 Republic National Bank Norman $24.3M Republic Bank of Norman
Apr 8, 1988 First Federal of Shawnee Shawnee $130.7M —
Mar 31, 1988 Union Bank & Trust Company Oklahoma City $182.5M Union Bank&trust Co
Mar 25, 1988 First National Bank of Del City Del City $30.9M Lincoln National Bank
Mar 24, 1988 Century Bank Tulsa $70.8M Fourth NB of Tulsa
Mar 24, 1988 Cashion Community Bank Cashion $6.7M Community State Bank
Mar 10, 1988 The First Nat Bank & Trust Co. of Cushing Cushing $60.3M American NB of Bristow
Feb 18, 1988 Mustang Community Bank Mustang $9.4M First National Bank of M
Feb 11, 1988 First State Bank Oilton $13.2M American NB of Bristow
Jan 29, 1988 Territory S&LA Seminole $31.2M —
Dec 3, 1987 The Farmers National Bank of Cordell Cordell $62.3M First NB of Weatherford
Nov 19, 1987 Republic Bank Oklahoma City $49.1M First NB in Bartlesville
Oct 8, 1987 United Services Bank Hartshorne $15.3M First NB&T Co of McAlest
Oct 8, 1987 Citizens Bank of Krebs Krebs $14.7M First NB&T Co of McAlest
Sep 24, 1987 The Citizens Bank Drumright $35.1M American NB of Bristow
Sep 17, 1987 Mustang National Bank Mustang $12.1M First National Bank of M
Sep 3, 1987 The First National Bank of Tipton Tipton $8.2M First National Bank in a
Sep 3, 1987 The First National Bank of Hammon Hammon $6.3M American National Bank
Aug 20, 1987 American Exchange Bank & Trust Co Norman $87.8M Bank of Oklahoma N.A.
Aug 20, 1987 Sunbelt FS&LA Watonga $65.5M Chisholm FS&LA
Aug 20, 1987 The First State Bank Willow $6.7M Guarantee State Bank
Aug 13, 1987 First State Bank Blanchard $23.6M First State Bank
Aug 13, 1987 The First National Bank of Luther Luther $17.1M First Wagoner Bank&trust
Aug 6, 1987 Security State Bank Roosevelt $15.2M First National Bank in a
Aug 6, 1987 The Security State Bank Davenport $9.4M First State Bank
Jul 30, 1987 The First National Bank of Yukon Yukon $40.3M Bank of Oklahoma N.A.

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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