Data / Bank failures / 1986 / Citizens National Bank & Trust Co
Citizens National Bank & Trust Co, Oklahoma City, OK: failed August 14, 1986
Citizens National Bank & Trust Co in Oklahoma City, Oklahoma, failed on August 14, 1986. Liberty NB&T Co of Ok Ci of Oklahoma City, OK, took over its deposits. It held $179.1 million in assets and $183.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $55.8 million (31.2% of its assets). By assets it was the 31st largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- August 14, 1986
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Liberty NB&T Co of Ok Ci, Oklahoma City, OK
- Total assets
- $179,081,000
- Total deposits
- $183,284,000
- Estimated cost to the FDIC
- $55,819,942 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 16698
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 |
Other failed banks Liberty NB&T Co of Ok Ci took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The First National BK & TR Co. of Norman | Norman | OK | May 29, 1986 | $73.2 million | $75.7 million | $28.7 million | Liberty NB&T Co of Ok Ci |
All bank failures in 1986 · All bank failures in Oklahoma · Every failed bank Liberty NB&T Co of Ok Ci 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.