# FIRST FS&LA

> **Failed bank** · ELK CITY, OK · failed 1988-08-31 · SL · FDIC cost $95M

## What happened

FIRST FS&LA of ELK CITY, OK was closed by state regulators on **1988-08-31**. The FDIC was named receiver.

**Resolution:** MGR

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


## Key facts

- **FDIC ID:** 1893
- **FDIC Certificate:** 28648
- **FDIC FIN:** 1801
- **Bank name:** FIRST FS&LA
- **Location:** ELK CITY, OK
- **Failure date:** 1988-08-31
- **FDIC resolution date:** 1988-08-31
- **Charter type:** SL
- **Resolution type:** MGR
- **Estimated FDIC DIF cost:** $95M
- **Deposits at failure:** $133M
- **Assets at failure:** $107M
- **Acquiring bank:** RED RIVER FS&LA (LAWTON, OK)

## Other banks RED RIVER FS&LA has acquired in FDIC resolutions

- HOME SAVINGS BANK, FA (LAWTON, OK) — failed 1988-08-31 — /failed-bank/1897
- PEOPLES FS&LA (ARDMORE, OK) — failed 1988-08-31 — /failed-bank/1895

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FS&LA (FDIC ID 1893), failed 1988-08-31. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/1893.

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