# FIRST STATE BANK

> **Failed bank** · LEXINGTON, OK · failed 1990-12-13 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

FIRST STATE BANK of LEXINGTON, OK was closed by regulators on **1990-12-13**. The FDIC was named receiver.

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

Deposits were transferred to **THE MCCLAIN COUNTY NATIONAL** (PURCELL, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2961
- **FDIC Certificate:** 9469
- **FDIC FIN:** 4303
- **Bank name:** FIRST STATE BANK
- **Location:** LEXINGTON, OK
- **Failure date:** 1990-12-13
- **FDIC resolution date:** 1990-12-13
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $8M
- **Assets at failure:** $7M
- **Acquiring bank:** THE MCCLAIN COUNTY NATIONAL (PURCELL, OK)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST STATE BANK (FDIC ID 2961), failed 1990-12-13. Retrieved via AI Analytics 2026-07-03 from https://api.ai-analytics.org/failed-bank/2961.

---

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