# THE FIRST NATIONAL BANK OF LUTHER

> **Failed bank** · LUTHER, OK · failed 1987-08-13 · National commercial bank (OCC-chartered) · FDIC cost $10M

## What happened

THE FIRST NATIONAL BANK OF LUTHER of LUTHER, OK was closed by the OCC on **1987-08-13**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST WAGONER BANK&TRUST** (WAGONER, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1496
- **FDIC Certificate:** 4136
- **FDIC FIN:** 2717
- **Bank name:** THE FIRST NATIONAL BANK OF LUTHER
- **Location:** LUTHER, OK
- **Failure date:** 1987-08-13
- **FDIC resolution date:** 1987-08-13
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $10M
- **Deposits at failure:** $18M
- **Assets at failure:** $17M
- **Acquiring bank:** FIRST WAGONER BANK&TRUST (WAGONER, OK)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST NATIONAL BANK OF LUTHER (FDIC ID 1496), failed 1987-08-13. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/failed-bank/1496.

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