# HERITAGE S&LA

> **Failed bank** · ELK CITY, OK · failed 1988-08-31 · SL · FDIC cost $83M

## What happened

HERITAGE S&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** (LAWTON, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1901
- **FDIC Certificate:** 31988
- **FDIC FIN:** 1801
- **Bank name:** HERITAGE S&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:** $83M
- **Deposits at failure:** $90M
- **Assets at failure:** $81M
- **Acquiring bank:** RED RIVER (LAWTON, OK)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, HERITAGE S&LA (FDIC ID 1901), failed 1988-08-31. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1901.

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