# THE FIRST STATE BANK IN BILLINGS

> **Failed bank** · BILLINGS, OK · failed 1987-03-26 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

THE FIRST STATE BANK IN BILLINGS of BILLINGS, OK was closed by regulators on **1987-03-26**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST NB&T CO PERRY OKLA** (PERRY, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1403
- **FDIC Certificate:** 9466
- **FDIC FIN:** 2669
- **Bank name:** THE FIRST STATE BANK IN BILLINGS
- **Location:** BILLINGS, OK
- **Failure date:** 1987-03-26
- **FDIC resolution date:** 1987-03-26
- **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:** $1M
- **Deposits at failure:** $10M
- **Assets at failure:** $10M
- **Acquiring bank:** FIRST NB&T CO PERRY OKLA (PERRY, OK)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20FIRST%20STATE%20BANK%20IN%20BILLINGS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FIRST STATE BANK IN BILLINGS (FDIC ID 1403), failed 1987-03-26. Retrieved via AI Analytics 2026-07-05 from https://api.ai-analytics.org/failed-bank/1403.

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