Data / Bank failures / 1985 / Farmers National Bank of Erick
Farmers National Bank of Erick, Erick, OK: failed February 7, 1985
Farmers National Bank of Erick in Erick, Oklahoma, failed on February 7, 1985. First American Bank of Erick, OK, took over its deposits. It held $16.8 million in assets and $17.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.6 million (21.6% of its assets). By assets it was the 129th largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- February 7, 1985
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First American Bank, Erick, OK
- Total assets
- $16,845,000
- Total deposits
- $17,340,000
- Estimated cost to the FDIC
- $3,639,087 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 4093
Other bank failures in Oklahoma, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Farmers National Bank of Cordell | Cordell | December 3, 1987 | $62.3 million | $60.3 million | $33.6 million | First NB of Weatherford |
| Republic Bank | Oklahoma City | November 19, 1987 | $49.1 million | $57.3 million | $23 million | First NB in Bartlesville |
| Commercial Bank, N.A. (assistance) | Oklahoma City | October 16, 1987 | $23.4 million | $21.7 million | $4.5 million | Commercial Bank, N.A. |
| United Services Bank | Hartshorne | October 8, 1987 | $15.3 million | $14.2 million | $5.7 million | First NB&T Co of McAlest |
| Citizens Bank of Krebs | Krebs | October 8, 1987 | $14.7 million | $13.8 million | $5.3 million | First NB&T Co of McAlest |
| The Citizens Bank | Drumright | September 24, 1987 | $35.1 million | $33.4 million | $14.6 million | American NB of Bristow |
| Mustang National Bank | Mustang | September 17, 1987 | $12.1 million | $11.5 million | $2.7 million | First National Bank of M |
| The First National Bank of Tipton | Tipton | September 3, 1987 | $8.2 million | $7.2 million | $4.4 million | First National Bank in A |
Other failed banks First American Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| High Desert State Bank | Albuquerque | NM | June 25, 2010 | $80.3 million | $81 million | $28.4 million | First American Bank |
| Town Community Bank and Trust | Antioch | IL | January 15, 2010 | $70.8 million | $68.3 million | $23.3 million | First American Bank |
| United Citizens Bank, National Assoc | College Station | TX | February 28, 1991 | $44.9 million | $47.2 million | $9.8 million | First American Bank |
| Texas Commercial Sa | Sulphur Springs | TX | September 21, 1990 | $27.7 million | $26.8 million | $7 million | First American Bank |
| University National Bank of College Statio | College Station | TX | March 8, 1990 | $36.3 million | $39.5 million | $11.7 million | First American Bank |
| First California Savings | Orange | CA | April 6, 1989 | $161.4 million | $194.5 million | $73.7 million | First American Bank |
| First Bank & Trust | Bryan | TX | February 9, 1989 | $148.1 million | $144.7 million | $30 million | First American Bank |
All bank failures in 1985 · All bank failures in Oklahoma · Every failed bank First American 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.