# CLINTON S & LA

> **Failed bank** · CLINTON, OK · failed 1991-07-19 · SL · FDIC cost $2M

## What happened

CLINTON S & LA of CLINTON, OK was closed by state regulators on **1991-07-19**. 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:** 3145
- **FDIC Certificate:** 30010
- **FDIC FIN:** 7360
- **Bank name:** CLINTON S & LA
- **Location:** CLINTON, OK
- **Failure date:** 1991-07-19
- **FDIC resolution date:** 1991-07-19
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $22M
- **Assets at failure:** $22M
- **Acquiring bank:** LOCAL FEDERAL BANK, FSB (OKLAHOMA CITY, OK)

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

- GREAT PLAINS SAVINGS (WEATHERFORD, OK) — failed 1989-10-26 — /failed-bank/2543

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CLINTON%20S%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CLINTON S & LA (FDIC ID 3145), failed 1991-07-19. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3145.

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