"We apologize for the unacceptable and racist behavior of the individuals in the video, and we are disgusted that any member would act in such a way," Sigma Alpha Epsilon (SAE) said in a statement on its website.
The short clip featuring frat members chanting "there will never be a n****r in the SAE" was uploaded on YouTube on Sunday and immediately drew ire online.
SAE national president Bradley Cohen said he was shocked and disgusted by the "outright display of racism" in the posted video.
Our deed follows our word… Zero tolerance for bad behavior http://t.co/05GGfRjYoX— Brad Cohen (@SAE_ESA_brad) 9 Март 2015
I know I speak for all when I say I'm disgusted and shocked by the video involving our @sae1856 chapter at Uof OK. They will be dealt with.— Brad Cohen (@SAE_ESA_brad) 9 Март 2015
"We determined with no mental reservation whatsoever that this chapter needed to be closed immediately," Cohen said.
Its mission purports to uphold the ideals of a "True Gentleman… whose conduct proceeds from good will" and "who thinks of the rights and feelings of others."
SAE celebrates its 159-year anniversary Monday.
Late last year, protests erupted across the nation following the non-indictments of two white police officers in Ferguson, Missouri and New York City that murdered unarmed African-Americans.