Bank failure · OK
The First State Bank (Camargo, OK) — failed January 28, 2011
The First State Bank of Camargo, Oklahoma was closed on January 28, 2011 and resolved through a purchase and assumption. Bank 7 (OK) took over its insured deposits. At failure it held $44.5M in assets and $41.2M in deposits. The FDIC's estimated loss on the failure is $33.6M (75.4% of assets).
- Closing date
- January 28, 2011
- FDIC certificate #
- 2303
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank 7
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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