# BANK OF OAK GROVE

> **Failed bank** · OAK GROVE, LA · failed 1987-05-21 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $6M

## What happened

BANK OF OAK GROVE of OAK GROVE, LA was closed by regulators on **1987-05-21**. The FDIC was named receiver.

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

Deposits were transferred to **WEST CARROLL NB OF OAK G** (OAK GROVE, LA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1439
- **FDIC Certificate:** 317
- **FDIC FIN:** 2690
- **Bank name:** BANK OF OAK GROVE
- **Location:** OAK GROVE, LA
- **Failure date:** 1987-05-21
- **FDIC resolution date:** 1987-05-21
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $24M
- **Assets at failure:** $24M
- **Acquiring bank:** WEST CARROLL NB OF OAK G (OAK GROVE, LA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF OAK GROVE (FDIC ID 1439), failed 1987-05-21. Retrieved via AI Analytics 2026-08-29 from https://api.ai-analytics.org/failed-bank/1439.

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