# FIRST STATE BANK

> **Failed bank** · OILTON, OK · failed 1988-02-11 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

FIRST STATE BANK of OILTON, OK was closed by regulators on **1988-02-11**. The FDIC was named receiver.

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

Deposits were transferred to **AMERICAN NB OF BRISTOW** (BRISTOW, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1623
- **FDIC Certificate:** 19303
- **FDIC FIN:** 2783
- **Bank name:** FIRST STATE BANK
- **Location:** OILTON, OK
- **Failure date:** 1988-02-11
- **FDIC resolution date:** 1988-02-11
- **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:** $3M
- **Deposits at failure:** $13M
- **Assets at failure:** $13M
- **Acquiring bank:** AMERICAN NB OF BRISTOW (BRISTOW, OK)

## Other banks AMERICAN NB OF BRISTOW has acquired in FDIC resolutions

- THE FIRST NAT BANK & TRUST CO. OF CUSHING (CUSHING, OK) — failed 1988-03-10 — /failed-bank/1636
- THE CITIZENS BANK (DRUMRIGHT, OK) — failed 1987-09-24 — /failed-bank/1520

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST STATE BANK (FDIC ID 1623), failed 1988-02-11. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1623.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*