# AMERICAN EXCHANGE BANK & TRUST CO

> **Failed bank** · NORMAN, OK · failed 1987-08-20 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $41M

## What happened

AMERICAN EXCHANGE BANK & TRUST CO of NORMAN, OK was closed by regulators on **1987-08-20**. The FDIC was named receiver.

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

Deposits were transferred to **BANK OF OKLAHOMA NA** (TULSA, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1500
- **FDIC Certificate:** 19164
- **FDIC FIN:** 2720
- **Bank name:** AMERICAN EXCHANGE BANK & TRUST CO
- **Location:** NORMAN, OK
- **Failure date:** 1987-08-20
- **FDIC resolution date:** 1987-08-20
- **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:** $41M
- **Deposits at failure:** $96M
- **Assets at failure:** $88M
- **Acquiring bank:** BANK OF OKLAHOMA NA (TULSA, OK)

## Other banks BANK OF OKLAHOMA NA has acquired in FDIC resolutions

- THE FIRST NATIONAL BANK OF YUKON (YUKON, OK) — failed 1987-07-30 — /failed-bank/1484
- BANK OF OKLAHOMA, OKLA. CITY, N.A. (OKLAHOMA CITY, OK) — failed 1986-11-24 — /failed-bank/1313

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=AMERICAN%20EXCHANGE%20BANK%20%26%20TRUST%20CO

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, AMERICAN EXCHANGE BANK & TRUST CO (FDIC ID 1500), failed 1987-08-20. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/1500.

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