Data / Bank failures / 1989 / Oakwood National Bank
Oakwood National Bank, Enid, OK: failed January 27, 1989
Oakwood National Bank in Enid, Oklahoma, failed on January 27, 1989. National BK of Com of Al of Altus, OK, took over its deposits. It held $23 million in assets and $26.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $7.4 million (32.1% of its assets). By assets it was the 428th largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- January 27, 1989
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- National BK of Com of Al, Altus, OK
- Total assets
- $23,011,000
- Total deposits
- $26,831,000
- Estimated cost to the FDIC
- $7,393,714 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 24537
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.