# SUNBELT FS&LA

> **Failed bank** · WATONGA, OK · failed 1987-08-20 · SL · FDIC cost $35M

## What happened

SUNBELT FS&LA of WATONGA, OK was closed by state regulators on **1987-08-20**. The FDIC was named receiver.

**Resolution:** MGR

Deposits were transferred to **CHISHOLM FS&LA** (KINGFISHER, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1502
- **FDIC Certificate:** 31778
- **FDIC FIN:** 1802
- **Bank name:** SUNBELT FS&LA
- **Location:** WATONGA, OK
- **Failure date:** 1987-08-20
- **FDIC resolution date:** 1988-08-31
- **Charter type:** SL
- **Resolution type:** MGR
- **Estimated FDIC DIF cost:** $35M
- **Deposits at failure:** $60M
- **Assets at failure:** $66M
- **Acquiring bank:** CHISHOLM FS&LA (KINGFISHER, OK)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SUNBELT FS&LA (FDIC ID 1502), failed 1987-08-20. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1502.

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