Data / Bank failures / 1982 / Penn Square Bank, N.A.
Penn Square Bank, N.A., Oklahoma City, OK: failed July 5, 1982
Penn Square Bank, N.A. in Oklahoma City, Oklahoma, failed on July 5, 1982. It held $436.5 million in assets and $390 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $65 million (14.9% of its assets). By assets it was the 27th largest of 119 banks closed or assisted in 1982.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- July 5, 1982
- Type
- Failure
- How it was resolved
- Deposit Insurance National Bank: the FDIC ran a temporary bank to pay depositors
- Total assets
- $436,484,000
- Total deposits
- $390,029,000
- Estimated cost to the FDIC
- $64,969,500 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 18153
Other bank failures in Oklahoma, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| American State Bank | Thomas | October 19, 1984 | $23.9 million | $22.2 million | $6.9 million | Bank of Thomas |
| The Farmers & Merchants Bank | Tecumseh | October 5, 1984 | $31.1 million | $31 million | $6.1 million | Republic Bank of Tecumse |
| Security State Bank | Weatherford | September 21, 1984 | $50.1 million | $48.5 million | $20.4 million | United Community Bank |
| Community BK & TR Co. | Enid | September 14, 1984 | $32.2 million | $28 million | $10.8 million | First NB&T Co of Enid |
| First Continental Bank & Trust Company of | Del City | May 11, 1984 | $107.2 million | $104 million | $21.3 million | United Ok Bank of Del Ci |
| The Bank of Red Oak | Red Oak | December 16, 1983 | $11.1 million | $10.5 million | $2.8 million | Farmers State Bank |
| The Security State Bank | Mooreland | December 16, 1982 | $11.6 million | $10.1 million | $1.4 million | First STB of Mooreland |
| Oklahoma National BK & TR Co. (assistance) | Oklahoma City | October 3, 1982 | $131.6 million | $133.6 million | $24.6 million | Oklahoma National BK & TR C |
All bank failures in 1982 · 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.