# MEDICAL CENTER STATE BANK

> **Failed bank** · OKLAHOMA CITY, OK · failed 1988-10-27 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

MEDICAL CENTER STATE BANK of OKLAHOMA CITY, OK was closed by regulators on **1988-10-27**. The FDIC was named receiver.

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

Deposits were transferred to **AMERICAN STATE BANK** (TULSA, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1968
- **FDIC Certificate:** 20955
- **FDIC FIN:** 2930
- **Bank name:** MEDICAL CENTER STATE BANK
- **Location:** OKLAHOMA CITY, OK
- **Failure date:** 1988-10-27
- **FDIC resolution date:** 1988-10-27
- **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:** $2M
- **Deposits at failure:** $9M
- **Assets at failure:** $9M
- **Acquiring bank:** AMERICAN STATE BANK (TULSA, OK)

## Other banks AMERICAN STATE BANK has acquired in FDIC resolutions

- OSCEOLA STATE BANK & TRUST COMPANY (OSCEOLA, IA) — failed 1987-04-23 — /failed-bank/1421

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MEDICAL CENTER STATE BANK (FDIC ID 1968), failed 1988-10-27. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/1968.

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