Failed Bank Information for First State Bank of Altus, Altus, OK
On Friday, July 31, 2009, First State Bank of Altus was closed by the Oklahoma State Banking Department. The FDIC was named Receiver. Herring Bank, Amarillo, TX acquired all deposit accounts.
The FDIC as Receiver for First State Bank of Altus, Altus, OK has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on March 30, 2022 and has made all dividend distributions required by law.
Effective September 1, 2022, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: September 1, 2022
Publication Date: March 30, 2022
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: HERRING BANK
About Herring Bank
All deposit accounts were transferred to Herring Bank, Amarillo, TX ("assuming institution"). Former First State Bank of Altus locations reopened as branches of Herring Bank.
Your transferred deposits were separately insured from any accounts you may have already had at Herring Bank for at least six months after the failure of First State Bank of Altus.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Herring Bank as long as the deposits are not pledged as collateral for loans.
Contacting Herring Bank
You can contact Herring Bank:
2201 Civic Cir
Amarillo, TX 79109
Herring Bank (www.herringbank.com)
Purchase & Assumption Agreement - PDF (302 KB)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank