# THE FREEDOM STATE BANK

> **Failed bank** · FREEDOM, OK · failed 2014-06-27 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $4M

## What happened

THE FREEDOM STATE BANK of FREEDOM, OK was closed by regulators on **2014-06-27**. The FDIC was named receiver.

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

Deposits were transferred to **ALVA STATE BANK & TRUST COMPANY** (ALVA, OK). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 4069
- **FDIC Certificate:** 12483
- **FDIC FIN:** 10503
- **Bank name:** THE FREEDOM STATE BANK
- **Location:** FREEDOM, OK
- **Failure date:** 2014-06-27
- **FDIC resolution date:** 2014-06-27
- **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:** $4M
- **Deposits at failure:** $21M
- **Assets at failure:** $23M
- **Acquiring bank:** ALVA STATE BANK & TRUST COMPANY (ALVA, OK)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE FREEDOM STATE BANK (FDIC ID 4069), failed 2014-06-27. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/4069.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*