Data / Bank failures / 1991 / Red River FS & La
Red River FS & La, Lawton, OK: failed April 26, 1991
Red River FS & La in Lawton, Oklahoma, failed on April 26, 1991. It held $422.2 million in assets and $378.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $-441,552 (-0.1% of its assets). By assets it was the 58th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- April 26, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- None, NA
- Total assets
- $422,245,000
- Total deposits
- $378,312,000
- Estimated cost to the FDIC
- $-441,552 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 32605
Other bank failures in Oklahoma, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| American Bank of Commerce | Oklahoma City | March 26, 1992 | $13.5 million | $13.8 million | $2.3 million | Rockwell Bank National A |
| Farmers & Merchants Bank | Tryon | March 19, 1992 | $4.3 million | $4.1 million | $939,612 | Union NB of Chandler |
| 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 |
| 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 |
All bank failures in 1991 · 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.