# AMERICAN FEDERAL BANK

> **Failed bank** · ADA, OK · failed 1991-03-22 · SL · FDIC cost $45M

## What happened

AMERICAN FEDERAL BANK of ADA, OK was closed by state regulators on **1991-03-22**. The FDIC was named receiver.

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

Deposits were transferred to **HOME FS&LA OF ADA** (ADA, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3051
- **FDIC Certificate:** 31648
- **FDIC FIN:** 2146
- **Bank name:** AMERICAN FEDERAL BANK
- **Location:** ADA, OK
- **Failure date:** 1991-03-22
- **FDIC resolution date:** 1991-11-01
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $45M
- **Deposits at failure:** $90M
- **Assets at failure:** $110M
- **Acquiring bank:** HOME FS&LA OF ADA (ADA, OK)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, AMERICAN FEDERAL BANK (FDIC ID 3051), failed 1991-03-22. Retrieved via AI Analytics 2026-07-13 from https://api.ai-analytics.org/failed-bank/3051.

---

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