The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from
2008 ... A bank failure is the closing of a bank by a federal or state banking ... into
Receivership, the FDIC acts in t...
Apr 9, 2012 ... In the its complaint (here), the FDIC as receiver for the failed bank seek to recover
... 2012 filing in the Western District of Oklahoma (here), the parties to the FDIC's
lawsuit ... The First State Bank of Altus failed on July 31, 2009. ... The D&O
insurance marketplace has responded to these concerns, as many ...
Dec 20, 2013 ... directors took out large loans from First State Bank of Altus (the Bank) for the
benefit of ... When the Bank failed in 2009, the Federal Deposit Insurance
Corporation. (FDIC) took over as receiver and filed suit to collect on the loans. ...
Oklahoma granted summary judgment for the FDIC because the CEO's ...
Jul 31, 2009 ... First State Bank of Altus is the 65th FDIC-insured institution to fail in the nation
this ... to be closed in the state was American Bank of Commerce, Oklahoma City,
... the Federal Deposit Insurance Corporation (FDIC) as receiver.
www.ok.gov/banking/documents/Annual Report 2010.pdf
Nov 1, 2010 ... The total assets regulated by the State Banking Department .... when the FDIC
acts as receiver/liquidator for a failed bank, the Oklahoma ... State Banking
Department to the Oklahoma Insurance Department. ..... Altus. ▫. Stockmans Bank
. Gould, Hollis, Mangum. Alva. ▫. Alva State ..... AmeriTrust Corporation.
Estimated costs to the DIF are minimal, according to the FDIC. 7. .... October 7 —
The FDIC announces that deposit insurance limits will be temporarily ..... in
Georgia, all of which were subsidiaries of Security Bank Corporation, Macon, Ga.
... Failed banks include: First State Bank, Altus, with total assets of $103.4 million,
List of all the banks failed in 2009 and closed by FDIC. ... 65, First State Bank of
Altus, Altus, OK, July 31, 2009, $103.4 million, $98.2 million, $25.2 million .... The
Federal Deposit Insurance Corporation is an independent federal agency
created in 1933 to promote ... The FDIC is often appointed as receiver for failed
Jun 2, 2015 ... The Tenth Circuit Court of Appeals published its opinion in FDIC v. ... First State
Bank of Altus (the Bank) for the benefit of the company. When the Bank failed in
2009, the Federal Deposit Insurance Corporation (FDIC) took over as receiver ...
The Oklahoma Department of Securities opened an investigation ...
The Federal Housing Finance Agency reported that home prices in the U.S. ...
was deleted from the column that requires the debtor to state the value of the ...
Action Motors Corporation, Danbury, Ct., filed Chapter 11 in the U.S. ...... The
Federal Deposit Insurance Corp. was named receiver, with First Financial Bank
Jul 31, 2009 ... As of June 19, the First State Bank of Altus had total assets of ... The failed bank
was the first to go down in the state of Oklahoma in 2009. ... The U.S. Federal
Deposit Insurance Corp launched the first test of its ... Officials at the FDIC, which
insures the deposits of U.S. banks and acts as the receiver for faile...