THE FIRST STATE BANK Failed 2011

CAMARGO, OK · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

THE FIRST STATE BANK of CAMARGO, OK was closed on 2011-01-28. The FDIC was named receiver.

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

Deposits were transferred to BANK 7 (OKLAHOMA CITY, OK). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3898
FDIC Certificate
2303
FDIC FIN
10335
Bank name
THE FIRST STATE BANK
Location
CAMARGO, OK
Failure date
2011-01-28
FDIC resolution date
2011-01-28
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.)
$34M
Deposits at failure
$41M
Assets at failure
$45M
Acquiring bank
BANK 7 (OKLAHOMA CITY, OK)