# THE FIRST NATIONAL BANK OF TIPTON

> **Failed bank** · TIPTON, OK · failed 1987-09-03 · National commercial bank (OCC-chartered) · FDIC cost $4M

## What happened

THE FIRST NATIONAL BANK OF TIPTON of TIPTON, OK was closed by the OCC on **1987-09-03**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST NATIONAL BANK IN A** (ALTUS, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1508
- **FDIC Certificate:** 4210
- **FDIC FIN:** 5903
- **Bank name:** THE FIRST NATIONAL BANK OF TIPTON
- **Location:** TIPTON, OK
- **Failure date:** 1987-09-03
- **FDIC resolution date:** 1987-09-03
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $7M
- **Assets at failure:** $8M
- **Acquiring bank:** FIRST NATIONAL BANK IN A (ALTUS, OK)

## Other banks FIRST NATIONAL BANK IN A has acquired in FDIC resolutions

- SECURITY STATE BANK (ROOSEVELT, OK) — failed 1987-08-06 — /failed-bank/1489

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST NATIONAL BANK OF TIPTON (FDIC ID 1508), failed 1987-09-03. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1508.

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