The Freedom State Bank of Freedom, Oklahoma, was closed today by state regulators. The approximately $22.8
million in total assets and $20.9 million in total deposits of the former bank were acquired by Alva
State Bank & Trust Company of Alva, Oklahoma. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF)
will be $5.8 million.
Friday, June 27, 2014
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