The First National Bank of Lindsay, Oklahoma closed due to fraud-related issues in October 2024, with the FDIC arranging deposit takeover and uninsured depositors receiving 50%.

The Office of the Comptroller of the Currency closed The First National Bank of Lindsay, Oklahoma, on October 17, 2024, due to fraud-related issues. The Federal Deposit Insurance Corporation (FDIC) was appointed as receiver and arranged for First Bank & Trust Co. to take over insured deposits. Uninsured depositors will receive 50% of their funds starting October 21. The FDIC estimates the bank's failure will cost $43 million.

October 19, 2024
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