Data / Bank failures / 1987 / The First National Bank of Hammon
The First National Bank of Hammon, Hammon, OK: failed September 3, 1987
The First National Bank of Hammon in Hammon, Oklahoma, failed on September 3, 1987. American National Bank of Elk City, OK, took over its deposits. It held $6.3 million in assets and $5.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.6 million (25.2% of its assets). By assets it was the 249th largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- September 3, 1987
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- American National Bank, Elk City, OK
- Total assets
- $6,271,000
- Total deposits
- $5,751,000
- Estimated cost to the FDIC
- $1,578,966 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 4108
Other bank failures in Oklahoma, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| North Side State Bank | Tulsa | December 14, 1989 | $20.4 million | $21.4 million | $4.5 million | Bank of Tulsa |
| City National Bank of Sayre | Sayre | December 13, 1989 | $21 million | $22.4 million | $3.8 million | First State Bank and Trust |
| Sooner Federal Savings Assoc. | Tulsa | November 16, 1989 | $1.53 billion | $1.15 billion | $152.8 million | First Gibraltar Bank, FSB |
| Great Plains Savings | Weatherford | October 26, 1989 | $99.8 million | $72.5 million | $20 million | Local Federal Bank, FSB |
| Park Avenue Bank, National Assoc | Oklahoma City | October 19, 1989 | $17.9 million | $14.4 million | $775,547 | Founders Bank & Trust Compa |
| North Bank, National Association | Oklahoma City | October 12, 1989 | $12.4 million | $12.9 million | $1.1 million | The Liberty National Bank A |
| American Home S & L | Edmond | October 5, 1989 | $96.7 million | $79.5 million | $13.7 million | Founders B&TC |
| Family Savings Bank, FSB | Sapulpa | October 5, 1989 | $50.9 million | $52.8 million | $4.1 million | American NB&T |
Other failed banks American National Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Bank of Wilson | Wilson | OK | July 26, 1990 | $13 million | $13 million | $1.8 million | American National Bank |
| The Security State Bank | Comanche | OK | September 22, 1988 | $9 million | $8.9 million | $1.6 million | American National Bank |
| American National Bank (assistance) | Parma | OH | February 12, 1988 | $27.8 million | $25.4 million | American National Bank | |
| The Bedford National Bank | Bedford | IA | May 1, 1986 | $19.3 million | $18.4 million | $4.6 million | American National Bank |
All bank failures in 1987 · All bank failures in Oklahoma · Every failed bank American 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.