# FIRST STATE BANK OF ALTUS

> **Failed bank** · ALTUS, OK · failed 2009-07-31 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $26M

## What happened

FIRST STATE BANK OF ALTUS of ALTUS, OK was closed by regulators 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
- **Estimated FDIC DIF cost:** $26M
- **Deposits at failure:** $98M
- **Assets at failure:** $91M
- **Acquiring bank:** HERRING BANK (AMARILLO, TX)

## Other banks HERRING BANK has acquired in FDIC resolutions

- COLORADO NATIONAL BANK (COLORADO SPRINGS, CO) — failed 2009-03-20 — /failed-bank/3613

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST STATE BANK OF ALTUS (FDIC ID 3658), failed 2009-07-31. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3658.

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