First State Bank of Altus, Altus, OK

First State Bank of Altus, Altus, OK, became the first bank in Oklahoma to fail in 17 years, the 65th bank to close in 2009 and the 23rd bank to close this July.

First State Bank of Altus, Altus, Oklahoma, was closed today by the Oklahoma State Banking Department, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Herring Bank, Amarillo, Texas, to assume all of the deposits of First State Bank of Altus.

For further information, visit the official FDIC webpage for first State Bank of Altius.

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