# BROKEN ARROW SAVINGS ASSOC.

> **Failed bank** · BROKEN ARROW, OK · failed 1990-08-24 · SL · FDIC cost $5M

## What happened

BROKEN ARROW SAVINGS ASSOC. of BROKEN ARROW, OK was closed by state regulators on **1990-08-24**. The FDIC was named receiver.

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

Deposits were transferred to **METRO BANK OF BROKEN ARROW** (BROKEN ARROW, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2880
- **FDIC Certificate:** 29603
- **FDIC FIN:** 7306
- **Bank name:** BROKEN ARROW SAVINGS ASSOC.
- **Location:** BROKEN ARROW, OK
- **Failure date:** 1990-08-24
- **FDIC resolution date:** 1991-06-07
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $23M
- **Assets at failure:** $27M
- **Acquiring bank:** METRO BANK OF BROKEN ARROW (BROKEN ARROW, OK)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BROKEN ARROW SAVINGS ASSOC. (FDIC ID 2880), failed 1990-08-24. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2880.

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