The 2008 financial crisis led to the failure of a large number of banks in the
United States. The Federal Deposit Insurance Corporation (FDIC) closed 465
failed banks from 2008 to 2012. In contrast,...
Aug 20, 2012 ... On Friday, July 31, 2009, First State Bank of Altus, Altus, OK was ... the Federal
Deposit Insurance Corporation (FDIC) was named Receiver.
Jun 1, 2015 ... OKLAHOMA CITY, OK—A federal indictment has been unsealed ... of bank funds
in connection with First State Bank of Altus (“FSB”) and ... In July 2009, state
banking regulators closed FSB due to the bank's loan losses, and the Federal
Deposit Insurance Corporation was appointed as the bank's receiver.
Apr 9, 2012 ... In the its complaint (here), the FDIC as receiver for the failed bank seek to recover
... The First State Bank of Altus failed on July 31, 2009. ... filed an action in the
Western District of Oklahoma against the bank's outside law firm, ... The D&O
insurance marketplace has responded to these concerns, as many ...
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.
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
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,
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.
press release, Former FDIC Attorney Sentenced Prison for Bank Fraud, 2/19/
2016 ... Woman Indicted For Embezzling More Than $59,000 From First State
Bank ... Charging Former Altus Bank President and Altus Business Partner with
Bank .... audit report, Material Loss Review of The Bank of Union, El Reno,
Jan 6, 2016 ... The 2015 Amendments to the Federal Rules of Civil Procedure (Part 3 of 3) ......
from First State Bank of Altus (the Bank) for the benefit of the company. ... the
Federal Deposit Insurance Corporation (FDIC) took over as receiver and .... for
declaratory judgment against Mr. Myklatun in Oklahoma state court, ...