# THE BANK OF RED OAK

> **Failed bank** · RED OAK, OK · failed 1983-12-16 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

THE BANK OF RED OAK of RED OAK, OK was closed by regulators on **1983-12-16**. The FDIC was named receiver.

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

Deposits were transferred to **FARMERS STATE BANK** (QUINTON, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 840
- **FDIC Certificate:** 431
- **FDIC FIN:** 2368
- **Bank name:** THE BANK OF RED OAK
- **Location:** RED OAK, OK
- **Failure date:** 1983-12-16
- **FDIC resolution date:** 1983-12-16
- **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:** $3M
- **Deposits at failure:** $10M
- **Assets at failure:** $11M
- **Acquiring bank:** FARMERS STATE BANK (QUINTON, OK)

## Other banks FARMERS STATE BANK has acquired in FDIC resolutions

- THE FIRST NATIONAL BANK OF WORTH (WORTHAM, TX) — failed 1991-02-14 — /failed-bank/3017
- THE GARNETT S & L ASSOC. (GARNETT, KS) — failed 1989-12-07 — /failed-bank/2579
- THE FALUN STATE BANK (FALUN, KS) — failed 1987-12-29 — /failed-bank/1586
- BANK OF PANAMA (PANAMA, NE) — failed 1985-12-19 — /failed-bank/1122

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20BANK%20OF%20RED%20OAK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE BANK OF RED OAK (FDIC ID 840), failed 1983-12-16. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/840.

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