Bank failure · OK
The Freedom State Bank (Freedom, OK) — failed June 27, 2014
The Freedom State Bank of Freedom, Oklahoma was closed on June 27, 2014 and resolved through a purchase and assumption. Alva State Bank & Trust Company (OK) took over its insured deposits. At failure it held $22.8M in assets and $20.9M in deposits. The FDIC's estimated loss on the failure is $3.7M (16.4% of assets).
- Closing date
- June 27, 2014
- FDIC certificate #
- 12483
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Alva State Bank & Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
Other failures in 2014
- Northern Star Bank MN
- Frontier Bank, FSB CA
- The National Republic Bank of Chicago IL
- Nbrs Financial Bank MD
- Greenchoice Bank, FSB IL
- Eastside Commercial Bank GA
- Valley Bank IL
- Valley Bank FL
- Slavie Federal Savings Bank MD
- Columbia Savings Bank OH
- Aztecamerica Bank IL
- Allendale County Bank SC
- Millennium Bank, National Association VA
- Vantage Point Bank PA
- Syringa Bank ID
- The Bank of Union OK
- Dupage National Bank IL