Failed Bank Information for The First State Bank, Camargo, OK
On Friday, January 28, 2011, The First State Bank, Camargo, OK was closed by the Oklahoma State Banking Department. The FDIC was named Receiver. Bank 7, Oklahoma City, OK acquired all deposit accounts.
The FDIC as Receiver for The First State Bank, Camargo, OK has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on July 26, 2017 and has made all dividend distributions required by law.
Effective November 1, 2017, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: November 1, 2017
Publication Date: July 26, 2017
Report on dividends paid
Official press release
Beware of scams!
Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
ACQUIRING INSTITUTION: BANK 7
About Bank 7
All deposit accounts, excluding certain brokered deposits, were transferred to Bank 7, Oklahoma City, OK ("assuming institution"). Former The First State Bank locations reopened as branches of Bank 7.
Your transferred deposits were separately insured from any accounts you may have already had at Bank 7 for at least six months after the failure of The First State Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Bank 7 as long as the deposits are not pledged as collateral for loans.
Contacting Bank 7
You can contact Bank 7:
1039 Nw 63rd Street
Oklahoma City, OK 73116
Bank 7 (www.bank7.com)
Purchase & Assumption Agreement - PDF (4Mb)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank