Data / Bank failures / 1987 / The First National Bank of Yukon
The First National Bank of Yukon, Yukon, OK: failed July 30, 1987
The First National Bank of Yukon in Yukon, Oklahoma, failed on July 30, 1987. Bank of Oklahoma NA of Tulsa, OK, took over its deposits. It held $40.3 million in assets and $41.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $8.8 million (21.9% of its assets). By assets it was the 99th largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- July 30, 1987
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Bank of Oklahoma NA, Tulsa, OK
- Total assets
- $40,285,000
- Total deposits
- $41,938,000
- Estimated cost to the FDIC
- $8,809,739 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 4234
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 Bank of Oklahoma NA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| American Exchange Bank & Trust Co | Norman | OK | August 20, 1987 | $87.8 million | $95.8 million | $40.6 million | Bank of Oklahoma NA |
| Bank of Oklahoma, Okla. City, N.A. (assistance) | Oklahoma City | OK | November 24, 1986 | $468.2 million | $349.9 million | $78.8 million | Bank of Oklahoma NA |
All bank failures in 1987 · All bank failures in Oklahoma · Every failed bank Bank of Oklahoma NA 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.