# OK FEDERAL S&LA

> **Failed bank** · EL RENO, OK · failed 1987-07-31 · SL · FDIC cost $62M

## What happened

OK FEDERAL S&LA of EL RENO, OK was closed by state regulators on **1987-07-31**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **GLOBE SAVINGS BANK FSB** (EL RENO, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1488
- **FDIC Certificate:** 29273
- **FDIC FIN:** 1710
- **Bank name:** OK FEDERAL S&LA
- **Location:** EL RENO, OK
- **Failure date:** 1987-07-31
- **FDIC resolution date:** 1987-07-31
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $62M
- **Deposits at failure:** $87M
- **Assets at failure:** $52M
- **Acquiring bank:** GLOBE SAVINGS BANK FSB (EL RENO, OK)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=OK%20FEDERAL%20S%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, OK FEDERAL S&LA (FDIC ID 1488), failed 1987-07-31. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/1488.

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