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Old 08-03-2009, 01:14 PM
 
Location: Pawnee Nation
7,525 posts, read 15,425,765 times
Reputation: 7043

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Regulators Close Five Banks

Quote:
First State Bank of Altus in Oklahoma, was the fifth regional community bank to be shut down Friday. Herring Bank in Amarillo, Texas, has assumed operations of First State Bank of Altus’ branches and acquired its $98.2 million deposits. Herring Bank also purchased $64.4 million of the failed bank’s $103.4 million in assets.

The Oklahoma institution’s closure is expected to cost the FDIC $25.2 million. First State Bank of Altus is the first bank in the state to be shuttered since Oklahoma City’s American Bank of Commerce was closed back in March of 1992.
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Old 08-03-2009, 01:56 PM
 
Location: Fort Worth/Dallas
11,878 posts, read 34,391,419 times
Reputation: 5592
Quote:
Originally Posted by Goodpasture View Post
UGH. I hate hearing news like this.
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Old 08-03-2009, 03:55 PM
 
32,830 posts, read 18,488,076 times
Reputation: 35549
Sometimes I think there are too many banks. We have three in Hooterville. And the town pop. is only 4K.
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Old 08-20-2010, 05:38 PM
 
2 posts, read 4,028 times
Reputation: 10
Does anyone remember the name of a Pizza Place on Main Street in Altus, Ok that was open in the early 80's? Known for their desert pizzas
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