# PARK AVENUE BANK, NATIONAL ASSOC

> **Failed bank** · OKLAHOMA CITY, OK · failed 1989-10-19 · National commercial bank (OCC-chartered) · FDIC cost $1M

## What happened

PARK AVENUE BANK, NATIONAL ASSOC of OKLAHOMA CITY, OK was closed by the OCC on **1989-10-19**. The FDIC was named receiver.

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

Deposits were transferred to **FOUNDERS BANK & TRUST COMPA** (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2530
- **FDIC Certificate:** 25698
- **FDIC FIN:** 4103
- **Bank name:** PARK AVENUE BANK, NATIONAL ASSOC
- **Location:** OKLAHOMA CITY, OK
- **Failure date:** 1989-10-19
- **FDIC resolution date:** 1989-10-19
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $14M
- **Assets at failure:** $18M
- **Acquiring bank:** FOUNDERS BANK & TRUST COMPA (OKLAHOMA CITY, OK)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PARK%20AVENUE%20BANK%2C%20NATIONAL%20ASSOC

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PARK AVENUE BANK, NATIONAL ASSOC (FDIC ID 2530), failed 1989-10-19. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/2530.

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