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 | Assets |
|---|---|---|
| Jul 14, 1986 | The First Nat BK & TR Co. of Oklahoma | $1.75B |
| Nov 16, 1989 | Sooner Federal Savings Assoc. | $1.53B |
| Aug 31, 1988 | Frontier Savings & Loan | $1.03B |
| Apr 19, 1991 | Cimarron Federal Savings | $782.0M |
| Mar 16, 1989 | Continental FS & La | $645.1M |
| Mar 13, 1987 | Victor S&LA | $601.3M |
| Jul 9, 2010 | Home National Bank | $585.4M |
| Feb 16, 1990 | State FS & La | $526.3M |
| Jul 5, 1982 | Penn Square Bank, N.A. | $436.5M |
| Apr 26, 1991 | Red River FS & La | $422.2M |
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 | Assets |
|---|---|---|
| Oct 19, 1984 | American State Bank | $23.9M |
| Oct 5, 1984 | The Farmers & Merchants Bank | $31.1M |
| Sep 21, 1984 | Security State Bank | $50.1M |
| Sep 14, 1984 | Community BK & TR Co. | $32.2M |
| May 11, 1984 | First Continental Bank & Trust Company of | $107.2M |
| Dec 16, 1983 | The Bank of Red Oak | $11.1M |
| Dec 16, 1982 | The Security State Bank | $11.6M |
| Jul 5, 1982 | Penn Square Bank, N.A. | $436.5M |
| Mar 10, 1977 | First State Bank | $2.0M |
| Sep 25, 1968 | Bank of Commerce | $5.6M |
| Dec 19, 1961 | The First National Bank of Maud | $1.6M |
| Aug 11, 1961 | Bank of Earlsboro | $962K |
| Jul 29, 1960 | The Capitol Hill State Bank | $7.5M |
| Nov 20, 1948 | The American National Bank of Pryor Creek | $1.8M |
| Jan 17, 1941 | The First National Bank of Anadarko | $822K |
| Jun 13, 1940 | First State Bank of Stonewall | $143K |
| Apr 6, 1939 | Bank of Amorita | $132K |
| Sep 15, 1936 | Security Bank | — |
| Feb 1, 1936 | The First National Bank of Clinton | — |
| Apr 4, 1935 | Guaranty State Bank | $264K |
| Mar 25, 1935 | The First State Bank | $427K |
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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