Curtis W. Awbrey | Southwest Ledger The First National Bank of Lindsay was closed Oct. 18 by the Comptroller of the Currency after uncovering “false and deceptive bank records suggesting fraud.” The FDIC was named receiver, the bank’s insured deposits and approximately $20 million of its assets were acquired by First Bank & Trust Co. of Duncan, and it reopened for business Oct. 21 under a new name. First Bank & Trust has three locations in Duncan and full-service branches in Waurika, Healdton, Ardmore, Norm
Fraud eyed in closure of Lindsay bank; assets sold to Duncan bank
Mike W. Ray Staff Writer
The First National Bank of Lindsay was closed Oct. 18, the Federal Deposit Insurance Corp. was named receiver, and the bank’s insured deposits were transferred to First Bank & Trust Co. in Duncan.
Sunday, October 20, 2024
