# GREAT PLAINS SAVINGS

> **Failed bank** · WEATHERFORD, OK · failed 1989-10-26 · SL · FDIC cost $20M

## What happened

GREAT PLAINS SAVINGS of WEATHERFORD, OK was closed by state regulators on **1989-10-26**. The FDIC was named receiver.

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

Deposits were transferred to **LOCAL FEDERAL BANK, FSB** (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2543
- **FDIC Certificate:** 28690
- **FDIC FIN:** 7137
- **Bank name:** GREAT PLAINS SAVINGS
- **Location:** WEATHERFORD, OK
- **Failure date:** 1989-10-26
- **FDIC resolution date:** 1990-08-17
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $20M
- **Deposits at failure:** $73M
- **Assets at failure:** $100M
- **Acquiring bank:** LOCAL FEDERAL BANK, FSB (OKLAHOMA CITY, OK)

## Other banks LOCAL FEDERAL BANK, FSB has acquired in FDIC resolutions

- CLINTON S & LA (CLINTON, OK) — failed 1991-07-19 — /failed-bank/3145

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GREAT%20PLAINS%20SAVINGS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GREAT PLAINS SAVINGS (FDIC ID 2543), failed 1989-10-26. Retrieved via AI Analytics 2026-07-03 from https://api.ai-analytics.org/failed-bank/2543.

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