Data / Bank failures / 1990 / American National Bank
American National Bank, Elk City, OK: failed June 28, 1990
American National Bank in Elk City, Oklahoma, failed on June 28, 1990. First Community Bank of Binger, OK, took over its deposits. It held $14.8 million in assets and $14.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.4 million (9.2% of its assets). By assets it was the 338th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- June 28, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Community Bank, Binger, OK
- Total assets
- $14,841,000
- Total deposits
- $14,775,000
- Estimated cost to the FDIC
- $1,361,964 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 26180
Other bank failures in Oklahoma, 1988 to 1992
| 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 | |
| American Federal Bank | Ada | March 22, 1991 | $110.2 million | $90.4 million | $44.6 million | Home FS&LA of Ada |
Other failed banks First Community Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Waccamaw Bank | Whiteville | NC | June 8, 2012 | $533.1 million | $472.7 million | $23.8 million | First Community Bank |
| La Hacienda Savings Assoc. | San Antonio | TX | March 2, 1989 | $69.7 million | $116.4 million | $118.9 million | First Community Bank |
All bank failures in 1990 · All bank failures in Oklahoma · Every failed bank First Community Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. 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.