Failed Altus bank operating with new owner
4 August 2009
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(No Likes Yet) Loading ...From The Journal Record:
The transition of failed First State Bank of Altus to its new owner over the weekend was surprisingly smooth, said Campbell Burgess, chief executive of Herring Bank of Amarillo.
“This bank has really gone through the wringer the last several months,” said Burgess, who visited the southwestern Oklahoma town as it was placed into receivership of the Federal Deposit Insurance Corp. It was the first state bank failure in 17 years.
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