Data / Bank failures / 1988 / First National Bank of Del City
First National Bank of Del City, Del City, OK: failed March 25, 1988
First National Bank of Del City in Del City, Oklahoma, failed on March 25, 1988. Lincoln National Bank of Oklahoma City, OK, took over its deposits. It held $30.9 million in assets and $28.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $9 million (29% of its assets). By assets it was the 332nd largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- March 25, 1988
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Lincoln National Bank, Oklahoma City, OK
- Total assets
- $30,860,000
- Total deposits
- $28,123,000
- Estimated cost to the FDIC
- $8,952,822 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 24978
Other bank failures in Oklahoma, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First State Bank | Lexington | December 13, 1990 | $7.5 million | $7.6 million | $882,935 | The McClain County National |
| The Pawnee National Bank (assistance) | Pawnee | September 12, 1990 | $14.2 million | $14.6 million | $2.3 million | The Pawnee National Bank |
| Broken Arrow Savings Assoc. | Broken Arrow | August 24, 1990 | $26.9 million | $23.2 million | $5 million | Metro Bank of Broken Arrow |
| Capitol Bank & Trust | Oklahoma City | August 16, 1990 | $33.1 million | $32.5 million | $4.1 million | First Fidelity Bank, Nation |
| First National Bank | Purcell | July 26, 1990 | $10.9 million | $11.1 million | $1.5 million | McClain County National Ban |
| Bank of Wilson | Wilson | July 26, 1990 | $13 million | $13 million | $1.8 million | American National Bank |
| American National Bank | Elk City | June 28, 1990 | $14.8 million | $14.8 million | $1.4 million | First Community Bank |
| Brookwood National Bank | Oklahoma City | June 28, 1990 | $26.9 million | $26.8 million | $5.6 million | The Liberty National Bank A |
Other failed banks Lincoln National Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| New World National Bank | Pittsburgh | PA | October 22, 1987 | $14.7 million | $14.8 million | $2.1 million | Lincoln National Bank |
All bank failures in 1988 · All bank failures in Oklahoma · Every failed bank Lincoln National 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.