# BANK OF GRANITE

> **Failed bank** · GRANITE, OK · failed 1987-07-30 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

BANK OF GRANITE of GRANITE, OK was closed by regulators on **1987-07-30**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **FARMERS&MERCHANTS BANK** (MAYSVILLE, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1483
- **FDIC Certificate:** 4104
- **FDIC FIN:** 6888
- **Bank name:** BANK OF GRANITE
- **Location:** GRANITE, OK
- **Failure date:** 1987-07-30
- **FDIC resolution date:** 1987-07-30
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $13M
- **Assets at failure:** $13M
- **Acquiring bank:** FARMERS&MERCHANTS BANK (MAYSVILLE, OK)

## Other banks FARMERS&MERCHANTS BANK has acquired in FDIC resolutions

- CITIZENS STATE BANK (ARAPAHOE, NE) — failed 1985-03-08 — /failed-bank/967

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF GRANITE (FDIC ID 1483), failed 1987-07-30. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1483.

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