# PHOENIX FS&LA

> **Failed bank** · MUSKOGEE, OK · failed 1988-08-31 · SL · FDIC cost $142M

## What happened

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

**Resolution:** MGR

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


## Key facts

- **FDIC ID:** 1899
- **FDIC Certificate:** 29625
- **FDIC FIN:** 1800
- **Bank name:** PHOENIX FS&LA
- **Location:** MUSKOGEE, OK
- **Failure date:** 1988-08-31
- **FDIC resolution date:** 1988-08-31
- **Charter type:** SL
- **Resolution type:** MGR
- **Estimated FDIC DIF cost:** $142M
- **Deposits at failure:** $383M
- **Assets at failure:** $419M
- **Acquiring bank:** CIMARRON FS&LA (MUSKOGEE, OK)

## Other banks CIMARRON FS&LA has acquired in FDIC resolutions

- HOME S&LA (BARTLESVILLE, OK) — failed 1988-08-31 — /failed-bank/1892
- VICTOR S&LA (MUSKOGEE, OK) — failed 1987-03-13 — /failed-bank/1387

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PHOENIX FS&LA (FDIC ID 1899), failed 1988-08-31. Retrieved via AI Analytics 2026-05-23 from https://api.ai-analytics.org/failed-bank/1899.

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