Data / Bank failures / 2011 / The First State Bank
The First State Bank, Camargo, OK: failed January 28, 2011
The First State Bank in Camargo, Oklahoma, failed on January 28, 2011. Bank 7 of Oklahoma City, OK, took over its deposits. It held $44.5 million in assets and $41.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $33.6 million (75.4% of its assets). By assets it was the 89th largest of 92 banks closed or assisted in 2011.
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The FDIC's record
- Closed
- January 28, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Bank 7, Oklahoma City, OK
- Total assets
- $44,546,000
- Total deposits
- $41,204,000
- Estimated cost to the FDIC
- $33,589,634 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 2303
Other bank failures in Oklahoma, 2009 to 2013
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Capital Bank | Kingfisher | June 8, 2012 | $44.4 million | $44.8 million | $8.7 million | F & M Bank |
| The First National Bank of Davis | Davis | March 11, 2011 | $90.2 million | $68.3 million | $29.8 million | The Pauls Valley Natiional Bank |
| Home National Bank | Blackwell | July 9, 2010 | $585.4 million | $514 million | $65.8 million | RCB Bank |
| First State Bank of Altus | Altus | July 31, 2009 | $90.9 million | $98.2 million | $26 million | Herring Bank |
All bank failures in 2011 · All bank failures in Oklahoma · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.