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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
Jul 30, 1987 Bank of Granite Granite $13.2M Farmers&merchants Bank
Jul 23, 1987 Farmers & Merchants Bank Eufaula $11.5M Citizens NB&T of Muskoge
Jun 29, 1987 United FS&LA Durant $89.8M Midwest FS&LA of Minneapoli
Jun 25, 1987 Eighty Niner Bank of Coyle Coyle $6.6M Oklahoma State Bank
Jun 18, 1987 Investors Federal Bank El Reno $97.5M Midwest FS&LA of Minneapoli
Apr 9, 1987 First National Bank of Braman Braman $12.2M Community Bank
Mar 26, 1987 The First State Bank in Billings Billings $10.2M First NB&T Co Perry Okla
Mar 20, 1987 The Madill Bank & Trust Company Madill $39.6M First American National
Mar 17, 1987 United Oklahoma Bank Oklahoma City $171.9M United Bank of Oklahoma
Mar 13, 1987 Victor S&LA Muskogee $601.3M Cimarron FS&LA
Mar 12, 1987 Expressway Bank Oklahoma City $19.1M First Interstate BK of O
Mar 5, 1987 First National Bank of Sapulpa Sapulpa $7.5M American NB&T Co Sapulpa
Feb 13, 1987 Universal Sa, F.A. Chickasha $104.6M —
Feb 12, 1987 First City Bank of Atoka Atoka $11.6M Atoka State Bank
Feb 11, 1987 Community Bank Seiling $5.1M First NB of Seiling
Jan 29, 1987 Peoples Bank & Trust Company Holdenville $20.2M Bank National Assn
Jan 22, 1987 National Bank of Frederick Frederick $23.8M First National Bank&trus
Jan 15, 1987 The First National Bank of Skiatook Skiatook $14.0M American Exchange Bank
Jan 15, 1987 The First National Bank of Rush Springs Rush Springs $12.8M First NB of Maysville
Jan 8, 1987 The Security Nat BK & TR Co. of Norman Norman $198.7M Security NB&T Co of Norm
Dec 5, 1986 Cordell National Bank Cordell $78.6M City NB of Weatherford
Nov 20, 1986 Norman Bank of Commerce Norman $43.5M First Interstate BK of O
Nov 14, 1986 First National Bank of Temple Temple $7.3M Union NB of Oklahoma
Nov 6, 1986 The First National Bank & TR Co. Enid $100.1M —
Oct 23, 1986 Stillwater Community Bank Stillwater $22.6M Bank National Assn
Oct 10, 1986 Homestead S&LA Woodward $135.0M —
Sep 10, 1986 Central Bank & Trust of Tulsa Tulsa $80.1M F&M Bank&trust Co
Sep 4, 1986 Fairview State Bank of Fairview Fairview $24.0M Community NB of Okarche
Aug 14, 1986 Citizens National Bank & Trust Co Oklahoma City $179.1M Liberty NB&T Co of Ok Ci
Aug 7, 1986 The First Nat Bank & Trust Co. of El Reno El Reno $47.2M American NB of Lawton
Jul 31, 1986 First National Bank in Cordell Cordell $23.0M —
Jul 14, 1986 The First Nat BK & TR Co. of Oklahoma Oklahoma City $1.75B First Intrst BK Ok CTY N
May 29, 1986 The First National BK & TR Co. of Norman Norman $73.2M Liberty NB&T Co of Ok Ci
May 8, 1986 Bank of Commerce & Trust Company Tulsa $182.7M First NB&T Co of Tulsa
May 1, 1986 The First National Bank of Carter Carter $7.3M —
Feb 21, 1986 Elk City State Bank Elk City $22.2M —
Jan 9, 1986 First State Bank Cache $20.7M American NB of Lawton
Dec 5, 1985 The Farmers and Merchants National Bank of Hennessy $28.7M —
Nov 21, 1985 The Dill State Bank Dill City $15.5M Home State Bank
Oct 18, 1985 First State Bank Jet $12.3M Cleo State Bank
Oct 17, 1985 Farmers State Bank in Afton Afton $10.8M Security Bank&trust Co
Oct 10, 1985 Bank of Canton Canton $22.4M Community State Bank of Can
Sep 27, 1985 The First Nationlal Bank in Terral Terral $4.1M —
Aug 8, 1985 Security Bank & Trust Company Midwest City $35.0M Security Bank of MW CTY
Jul 11, 1985 Crossroads State Bank Oklahoma City $17.8M —
Jun 21, 1985 First City Bank, N.A. Oklahoma City $97.8M City Bank&trust
May 16, 1985 Bank of Newcastle Newcastle $32.6M Allied Oklahoma Bank N.A.
Apr 4, 1985 Bank of Hunter Hunter $3.0M First NB in Tonkawa
Feb 7, 1985 Farmers National Bank of Erick Erick $16.8M First American Bank
Jan 24, 1985 The First National Bank in Marlow Marlow $27.4M First NB in Marlow

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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