# SOONER FEDERAL SAVINGS ASSOC.

> **Failed bank** · TULSA, OK · failed 1989-11-16 · SL · FDIC cost $153M

## What happened

SOONER FEDERAL SAVINGS ASSOC. of TULSA, OK was closed by state regulators on **1989-11-16**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST GIBRALTAR BANK, FSB** (SAN ANTONIO, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2558
- **FDIC Certificate:** 28649
- **FDIC FIN:** 7174
- **Bank name:** SOONER FEDERAL SAVINGS ASSOC.
- **Location:** TULSA, OK
- **Failure date:** 1989-11-16
- **FDIC resolution date:** 1990-09-14
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $153M
- **Deposits at failure:** $1,153M
- **Assets at failure:** $1,530M
- **Acquiring bank:** FIRST GIBRALTAR BANK, FSB (SAN ANTONIO, TX)

## Other banks FIRST GIBRALTAR BANK, FSB has acquired in FDIC resolutions

- PLANO S & L ASSOC. (PLANO, TX) — failed 1989-09-21 — /failed-bank/2513
- SAN ANTONIO SAVINGS (SAN ANTONIO, TX) — failed 1989-03-02 — /failed-bank/2140

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SOONER FEDERAL SAVINGS ASSOC. (FDIC ID 2558), failed 1989-11-16. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/2558.

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