Data / Bank failures / 1986 / Central Bank & Trust of Tulsa
Central Bank & Trust of Tulsa, Tulsa, OK: failed September 10, 1986
Central Bank & Trust of Tulsa in Tulsa, Oklahoma, failed on September 10, 1986. F&M BANK&TRUST Co of Tulsa, OK, took over its deposits. It held $80.1 million in assets and $71.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $13.4 million (16.7% of its assets). By assets it was the 52nd largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- September 10, 1986
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- F&M BANK&TRUST Co, Tulsa, OK
- Total assets
- $80,147,000
- Total deposits
- $71,573,000
- Estimated cost to the FDIC
- $13,412,097 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 19167
Other bank failures in Oklahoma, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Southwest Bank | Eldorado | December 16, 1988 | $9.8 million | $9.7 million | $2.4 million | First State BANK&TRUST C |
| First Bank & Trust Co. | Duncan | December 8, 1988 | $42 million | $45.2 million | $9.6 million | First BANK&TRUST Co |
| Waukomis State Bank | Waukomis | December 8, 1988 | $12 million | $11.9 million | $1.6 million | Cimarron Bank |
| Alliance Bank, N.A. (assistance) | Oklahoma City | November 16, 1988 | $8.9 million | $11.9 million | $4.1 million | First National Bank |
| Bank of the Northwest | Woodward | November 10, 1988 | $19.5 million | $18 million | $4.6 million | Bank of Woodward |
| Miami National Bank | Miami | November 10, 1988 | $9.2 million | $9.6 million | $2.4 million | Bank of Miami |
| The First National Bank of Gracemont | Gracemont | November 10, 1988 | $6.6 million | $6.8 million | $1 million | First State Bank |
| Medical Center State Bank | Oklahoma City | October 27, 1988 | $8.7 million | $8.6 million | $2.1 million | American State Bank |
All bank failures in 1986 · All bank failures in Oklahoma · 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.