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 ...
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.
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.
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.
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 ...
Oklahoma Unclaimed Property - Find and claim lost bank accounts, CDs, IRAs and ... July 31, 2009: First State Bank of Altus, Altus, OK was closed by the Oklahoma State Banking Department. ... If a state declines to accept, the right to claim ends with termination of the receivership. ... Federal Deposit Insurance Corporation
This is the accessible text file for FDIC OIG report entitled 'Semiannual Report to the ... The Federal Deposit Insurance Corporation (FDIC) is an independent ..... state or federal banking agency for appointing the Corporation as receiver and ...... of First State Bank of Altus, Altus, Oklahoma, guilty on 10 charges of bank fraud, ...
Mar 31, 2017 ... supervising financial institutions, and managing receiverships. ... In closing, I would like to acknowledge FDIC OIG personnel, members of the .... Altus, Oklahoma, was sentenced to 48 months in prison after a jury convicted ... loan in connection with First State Bank of Altus, and various loan schemes.
“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.