Data / Bank failures / 1991 / American Federal Bank
American Federal Bank, Ada, OK: failed March 22, 1991
American Federal Bank in Ada, Oklahoma, failed on March 22, 1991. Home FS&LA of Ada of Ada, OK, took over its deposits. It held $110.2 million in assets and $90.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $44.6 million (40.4% of its assets). By assets it was the 120th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- March 22, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Home FS&LA of Ada, Ada, OK
- Total assets
- $110,234,000
- Total deposits
- $90,436,000
- Estimated cost to the FDIC
- $44,584,804 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 31648
Other bank failures in Oklahoma, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| American Bank of Commerce | Oklahoma City | March 26, 1992 | $13.5 million | $13.8 million | $2.3 million | Rockwell Bank National A |
| Farmers & Merchants Bank | Tryon | March 19, 1992 | $4.3 million | $4.1 million | $939,612 | Union NB of Chandler |
| First National Bank and Trust Co | Blackwell | August 29, 1991 | $33.5 million | $33.8 million | $1.1 million | Central National Bank & Tru |
| Clinton S & La | Clinton | July 19, 1991 | $22.2 million | $21.6 million | $2.4 million | Local Federal Bank, FSB |
| Red River FS & La | Lawton | April 26, 1991 | $422.2 million | $378.3 million | $-441,552 | |
| Chisholm FS & La | Kingfisher | April 19, 1991 | $154.4 million | $147.1 million | $-385,660 | |
| Cimarron Federal Savings | Muskogee | April 19, 1991 | $782 million | $713.9 million | $2 | |
| First Fsa of Chickasha | Chickasha | March 22, 1991 | $161.4 million | $153.1 million | $4.3 million |
All bank failures in 1991 · All bank failures in Oklahoma · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.