|
08-03-2009, 02:14 PM
|
|
Curmudgeon
|
|
Join Date: Sep 2007
Location: Pawnee Nation
4,030 posts, read 2,315,247 times
Reputation: 2302
|
|
First State Bank of Altus closed--first in Oklahoma
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.
|
|
Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads. 
Linear Mode
