# EXPRESSWAY BANK

> **Failed bank** · OKLAHOMA CITY, OK · failed 1987-03-12 · State commercial bank, Federal Reserve member · FDIC cost $6M

## What happened

EXPRESSWAY BANK of OKLAHOMA CITY, OK was closed by state regulators on **1987-03-12**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRST INTERSTATE BK OF O** (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1385
- **FDIC Certificate:** 24822
- **FDIC FIN:** 2661
- **Bank name:** EXPRESSWAY BANK
- **Location:** OKLAHOMA CITY, OK
- **Failure date:** 1987-03-12
- **FDIC resolution date:** 1987-03-12
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $20M
- **Assets at failure:** $19M
- **Acquiring bank:** FIRST INTERSTATE BK OF O (OKLAHOMA CITY, OK)

## Other banks FIRST INTERSTATE BK OF O has acquired in FDIC resolutions

- NORMAN BANK OF COMMERCE (NORMAN, OK) — failed 1986-11-20 — /failed-bank/1309
- BANK OF THE NORTHWEST (EUGENE, OR) — failed 1984-08-31 — /failed-bank/911

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=EXPRESSWAY%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, EXPRESSWAY BANK (FDIC ID 1385), failed 1987-03-12. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/1385.

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