Data / Bank failures / 1987 / Expressway Bank
Expressway Bank, Oklahoma City, OK: failed March 12, 1987
Expressway Bank in Oklahoma City, Oklahoma, failed on March 12, 1987. First Interstate BK of O of Oklahoma City, OK, took over its deposits. It held $19.1 million in assets and $20.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $5.8 million (30.6% of its assets). By assets it was the 153rd largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- March 12, 1987
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Interstate BK of O, Oklahoma City, OK
- Total assets
- $19,089,000
- Total deposits
- $20,059,000
- Estimated cost to the FDIC
- $5,834,349 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- FDIC
- FDIC certificate
- 24822
Other bank failures in Oklahoma, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| North Side State Bank | Tulsa | December 14, 1989 | $20.4 million | $21.4 million | $4.5 million | Bank of Tulsa |
| City National Bank of Sayre | Sayre | December 13, 1989 | $21 million | $22.4 million | $3.8 million | First State Bank and Trust |
| Sooner Federal Savings Assoc. | Tulsa | November 16, 1989 | $1.53 billion | $1.15 billion | $152.8 million | First Gibraltar Bank, FSB |
| Great Plains Savings | Weatherford | October 26, 1989 | $99.8 million | $72.5 million | $20 million | Local Federal Bank, FSB |
| Park Avenue Bank, National Assoc | Oklahoma City | October 19, 1989 | $17.9 million | $14.4 million | $775,547 | Founders Bank & Trust Compa |
| North Bank, National Association | Oklahoma City | October 12, 1989 | $12.4 million | $12.9 million | $1.1 million | The Liberty National Bank A |
| American Home S & L | Edmond | October 5, 1989 | $96.7 million | $79.5 million | $13.7 million | Founders B&TC |
| Family Savings Bank, FSB | Sapulpa | October 5, 1989 | $50.9 million | $52.8 million | $4.1 million | American NB&T |
Other failed banks First Interstate BK of O took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Norman Bank of Commerce | Norman | OK | November 20, 1986 | $43.5 million | $41.6 million | $12.4 million | First Interstate BK of O |
| Bank of the Northwest | Eugene | OR | August 31, 1984 | $21.8 million | $19.8 million | $1.2 million | First Interstate BK of O |
All bank failures in 1987 · All bank failures in Oklahoma · Every failed bank First Interstate BK of O 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.