The Graveyard › Banks › 1989
Oakwood National Bank
Enid · failed January 27, 1989 · FDIC certificate 24537
Oakwood National Bank of Enid failed on January 27, 1989. It opened on June 3, 1983, 5 years before. At its last report before that it held $23.0 million in assets and $26.8 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $46.8 million. The FDIC estimates that the FDIC's insurance fund lost $7.4 million on it.
1984-031988-12
Assets at the end$23.0 millionlast report before January 27, 1989
Deposits at the end$26.8 million
Estimated loss to the fund$7.4 millionFDIC
Largest in the quarterly reports$46.8 millionJune 30, 1987
Equity to assets-17.3%December 31, 1988
Loans not being repaid17.6%noncurrent, December 31, 1988
Return on assets-6.72%a year's rate, December 31, 1988
Staff31full time, December 31, 1988
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.