# CROSS ROADS S & LA

> **Failed bank** · CHECOTAH, OK · failed 1989-07-13 · SL · FDIC cost $15M

## What happened

CROSS ROADS S & LA of CHECOTAH, OK was closed by state regulators on **1989-07-13**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **PEOPLES NB** (CHECOTAH, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2414
- **FDIC Certificate:** 32154
- **FDIC FIN:** 6997
- **Bank name:** CROSS ROADS S & LA
- **Location:** CHECOTAH, OK
- **Failure date:** 1989-07-13
- **FDIC resolution date:** 1990-05-11
- **Charter type:** SL
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $15M
- **Deposits at failure:** $17M
- **Assets at failure:** $17M
- **Acquiring bank:** PEOPLES NB (CHECOTAH, OK)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CROSS ROADS S & LA (FDIC ID 2414), failed 1989-07-13. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/failed-bank/2414.

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