FDIC banks

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

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
Sunday, October 20, 2024
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.
he Federal Deposit Insurance Corp. headquarters in Washington, D.C.

he Federal Deposit Insurance Corp. headquarters in Washington, D.C.

FDIC banks see net income increase for quarter

News Staff
Thursday, February 25, 2021
Aggregate net income for Federal Deposit Insurance Corp.-insured banks and savings institutions totaled $59.9 billion in the fourth quarter of 2020, an increase of $5 billion (9.1%) from a year ago, the FDIC said in a news release.
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