FIRST STATE BANK OF ALTUS Failed 2009
What happened
FIRST STATE BANK OF ALTUS of ALTUS, OK was closed on 2009-07-31. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HERRING BANK (AMARILLO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3658
- FDIC Certificate
- 9873
- FDIC FIN
- 10093
- Bank name
- FIRST STATE BANK OF ALTUS
- Location
- ALTUS, OK
- Failure date
- 2009-07-31
- FDIC resolution date
- 2009-07-31
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $26M
- Deposits at failure
- $98M
- Assets at failure
- $91M
- Acquiring bank
- HERRING BANK (AMARILLO, TX)
Other banks HERRING BANK acquired in FDIC resolutions