Data / Bank failures / 1989 / First Fed. S & La of Seminole
First Fed. S & La of Seminole, Seminole, OK: failed March 16, 1989
First Fed. S & La of Seminole in Seminole, Oklahoma, failed on March 16, 1989. First NB&TC of Holdenville of Holdenville, OK, took over its deposits. It held $33.3 million in assets and $35.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $5.5 million (16.6% of its assets). By assets it was the 377th largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- March 16, 1989
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- First NB&TC of Holdenville, Holdenville, OK
- Total assets
- $33,255,000
- Total deposits
- $35,362,000
- Estimated cost to the FDIC
- $5,523,314 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 29128
Other bank failures in Oklahoma, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| First Fsa of Chickasha | Chickasha | March 22, 1991 | $161.4 million | $153.1 million | $4.3 million | |
| First Fsa of Wewoka | Wewoka | March 8, 1991 | $32.9 million | $27.9 million | $5.2 million | First State Bank |
All bank failures in 1989 · 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.