The Graveyard › Banks › 1983
The Bank of Red Oak
Red Oak, OK · failed December 16, 1983 · FDIC certificate 431
The Bank of Red Oak of Red Oak, OK failed on December 16, 1983. It opened in 1905, 78 years before. At its last report before that it held $11.1 million in assets and $10.5 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $2.8 million on it.
Assets at the end$11.1 millionlast report before December 16, 1983
Deposits at the end$10.5 million
Estimated loss to the fund$2.8 millionFDIC
Also ended in 1983
- Dry Dock Savings Bank · New York · $2.5 billion in assets · assisted
- Suburban S&LA · Wayne · $2.0 billion in assets · assisted
- Biscayne Fs&La · Miami · $1.9 billion in assets · assisted
- The First National Bank of Midland · Midland, TX · $1.4 billion in assets
- United American Bank in Knoxville · Knoxville · $760.5 million in assets · assisted
- Carondelet S&LA Also Case 115 · St. Louis · $740.6 million in assets · assisted
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.