Data / Bank failures / 1990 / Broken Arrow Savings Assoc.
Broken Arrow Savings Assoc., Broken Arrow, OK: failed August 24, 1990
Broken Arrow Savings Assoc. in Broken Arrow, Oklahoma, failed on August 24, 1990. Metro Bank of Broken Arrow of Broken Arrow, OK, took over its deposits. It held $26.9 million in assets and $23.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $5 million (18.4% of its assets). By assets it was the 285th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- August 24, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Metro Bank of Broken Arrow, Broken Arrow, OK
- Total assets
- $26,929,000
- Total deposits
- $23,243,000
- Estimated cost to the FDIC
- $4,951,577 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 29603
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 |
All bank failures in 1990 · 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.