Data / Bank failures / 2014 / The Freedom State Bank
The Freedom State Bank, Freedom, OK: failed June 27, 2014
The Freedom State Bank in Freedom, Oklahoma, failed on June 27, 2014. Alva State Bank & Trust Company of Alva, OK, took over its deposits. It held $22.8 million in assets and $20.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.7 million (16.4% of its assets). By assets it was the 17th largest of 18 banks closed or assisted in 2014.
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The FDIC's record
- Closed
- June 27, 2014
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Alva State Bank & Trust Company, Alva, OK
- Total assets
- $22,816,000
- Total deposits
- $20,855,000
- Estimated cost to the FDIC
- $3,733,509 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 12483
Other bank failures in Oklahoma, 2012 to 2016
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Bank of Union | El Reno | January 24, 2014 | $317.2 million | $315.8 million | $93.3 million | Bancfirst |
| First Capital Bank | Kingfisher | June 8, 2012 | $44.4 million | $44.8 million | $8.7 million | F & M Bank |
All bank failures in 2014 · 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.