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en.wikipedia.org/wiki/List_of_bank_failures_in_the_United_States_(2008%E2%80%93present)

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 ... The FDIC is named as Receiver for a bank's assets when its capital levels are ... in two capacities—first, it pays insurance to the depositors, up to the deposit ...

www.fdic.gov/bank/individual/failed/fsb-altus.html

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.

www.justice.gov/usao-wdok/pr/former-altus-bank-president-convicted-bank-fraud

Jul 1, 2016 ... Altus Business Partner Pleaded Guilty to Bank Fraud Conspiracy in April. Oklahoma City, Oklahoma –PAUL HAROLD DOUGHTY, 67, of Edmond, Oklahoma, the former president and chairman of First State Bank of Altus ... the Federal Deposit Insurance Corporation was appointed as the bank's receiver.

www.justice.gov/usao-wdok/pr/indictment-unsealed-charging-former-altus-bank-president-and-altus-business-partner

Jun 1, 2015 ... Oklahoma City, Oklahoma – A federal indictment has been ... of bank funds in connection with First State Bank of Altus (“FSB”) and ... Altus. 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.

cases.justia.com/federal/appellate-courts/ca10/12-6287/12-6287-2013-12-20.pdf?ts=1411095963

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 ...

www.failedbankreporter.com/first-state-bank-altus.htm

Jul 31, 2009 ... Oklahoma Unclaimed Property - Find and claim lost bank accounts, CDs, IRAs and safe deposit boxes held by the state government.

www.mortgagefraudblog.com/tag/bank-executive

“The Federal Deposit Insurance Corporation Office of Inspector General is ... Oklahoma, the former president and chairman of First State Bank of Altus (“FSB”), ... the Federal Deposit Insurance Corporation was appointed as the bank's receiver.

www.mortgagefraudblog.com/zero-down-scheme-lands-bank-president-in-jail

Feb 13, 2017 ... In July 2009, state banking regulators closed FSB due to the bank's loan losses, and the FDIC was appointed as the bank's receiver. ... settlement loans” from FSB to support an Altus aerospace company; and (3) a ... and the Federal Deposit Insurance Corporation – Office of Inspector General. ... First Name.

fsbway.com

First State Bank is a locally owned and operated bank in Northwest Oklahoma that offers all the services of those big city banks; but with the friendliness and personal service of a small town bank. ... Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC).

www.calculatedriskblog.com/2009/07

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.