{"id":116219,"date":"2024-10-20T06:12:45","date_gmt":"2024-10-19T23:12:45","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=116219"},"modified":"2024-10-20T06:12:45","modified_gmt":"2024-10-19T23:12:45","slug":"oklahoma-bank-fails-closed-by-federal-agency","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=116219","title":{"rendered":"Oklahoma bank fails, closed by federal agency"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<div class=\"mobile\">\n\t\t\t\t\t\t\t\t\t\t\t<!-- blocks\/ad.twig --><\/p>\n<p><!-- blocks\/ad.twig --><\/p>\n<p><!-- article\/blocks\/headline --><\/p>\n<section class=\"article-headline\">\n<p>Oklahoma bank fails, closed by federal agency<\/p>\n<div class=\"article-headline--subheadline\">\n<p>The Office of the Comptroller of Currency closed a Lindsay bank on Friday due to \u201cfalse and deceptive bank records\u201d suggesting fraud.<\/p>\n<\/div>\n<div class=\"article-social-branding share-content horizontal\">\n<p><!-- blocks\/share-content\/share-widget --><\/p>\n<p><!-- \/blocks\/share-content\/share-widget --><\/p>\n<div class=\"article-branding\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/kubrick.htvapps.com\/htv-prod-media.s3.amazonaws.com\/htv_default_image\/site_branding\/koco.png\" class=\"lazyload lazyload-in-view branding\" alt=\"KOCO logo\"\/><\/p>\n<p>\n\t\t\t\t\tUpdated: 4:53 PM CDT Oct 19, 2024\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<p><!-- \/article\/blocks\/headline --><\/p>\n<p>\t\t\t\t\t<!-- article\/blocks\/byline --><\/p>\n<p><!-- \/article\/blocks\/byline --><\/p><\/div>\n<p>\n\t\t\t\t\tThe Office of the Comptroller of Currency closed a Lindsay bank on Friday due to \u201cfalse and deceptive bank records\u201d suggesting fraud.Get the latest news stories of interest by clicking here.The agency on Friday appointed the Federal Deposit Insurance Corporation as receiver for the First National Bank of Lindsay, according to a news release.The OCC reported the bank was in \u201can unsafe or unsound condition to transact business\u201d and that the bank\u2019s assets were less than its obligations to creditors and others. As of June 30, the bank reported about $108 million in total assets.The FDIC \u201centered into a purchase and assumption agreement with First Bank &amp; Trust Co.\u201d of Duncan to assume the insured deposits of the failed bank, according to a news release.The bank will assume insured deposits for a 6.67% premium and will also purchase about $20 million of the failed bank\u2019s assets, according to the news release.&gt;&gt; Download the KOCO 5 AppThe FDIC reported the Lindsay bank would reopen on Monday and deposits would continue to be insured by the FDIC so there was \u201cno need for customers to change their banking relationship to retain their deposit insurance coverage.\u201d\u201cAs of June 30, 2024, The First National Bank of Lindsay reported total assets of $107.8 million and total deposits of $97.5 million. Approximately $7.1 million of the deposits exceeded FDIC insurance limits; this amount is likely to change once the FDIC obtains additional information from customers. Customers with accounts in excess of $250,000 should contact the FDIC toll-free at 1-866-314-1744 to set up an appointment to discuss their deposits,\u201d FDIC officials wrote in a news release. FDIC officials reported the last bank failure in Oklahoma was the Freedom State Bank in June 2014.Top HeadlinesOklahoma City store clerk found dead by customer, few details releasedButterball is making the worst part of cooking a Thanksgiving turkey much easierPolice: Homicide detectives respond to death investigation in northwest OKCDeath of volunteer Oklahoma firefighter leaves station devastatedWitness describes \u2018frantic\u2019 moments suspect ran into Quail Spring Mall after chase\n\t\t\t\t<\/p>\n<div class=\"article-content--body-text\">\n\t\t\t\t\t<strong class=\"dateline\">LINDSAY, Okla. \u2014<\/strong> \t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>The Office of the Comptroller of Currency closed a Lindsay bank on Friday due to \u201cfalse and deceptive bank records\u201d suggesting fraud.<\/p>\n<p><a href=\"https:\/\/www.koco.com\/\" target=\"_blank\" rel=\"noopener\"><em>Get the latest news stories of interest by clicking here.<\/em><\/a><\/p>\n<p><!-- article\/blocks\/side-floater --><\/p>\n<p><!-- article\/blocks\/side-floater --><\/p>\n<p>The agency on Friday appointed the Federal Deposit Insurance Corporation as receiver for the First National Bank of Lindsay, according to a news release.<\/p>\n<p>The OCC reported the bank was in \u201can unsafe or unsound condition to transact business\u201d and that the bank\u2019s assets were less than its obligations to creditors and others. As of June 30, the bank reported about $108 million in total assets.<\/p>\n<p>The FDIC \u201centered into a purchase and assumption agreement with First Bank &amp; Trust Co.\u201d of Duncan to assume the insured deposits of the failed bank, according to a news release.<\/p>\n<p>The bank will assume insured deposits for a 6.67% premium and will also purchase about $20 million of the failed bank\u2019s assets, according to the news release.<\/p>\n<p><a href=\"https:\/\/www.koco.com\/article\/get-koco-news-on-the-go-download\/44041628\">&gt;&gt; Download the KOCO 5 App<\/a><\/p>\n<p>The FDIC reported the Lindsay bank would reopen on Monday and deposits would continue to be insured by the FDIC so there was \u201cno need for customers to change their banking relationship to retain their deposit insurance coverage.\u201d<\/p>\n<p>\u201cAs of June 30, 2024, The First National Bank of Lindsay reported total assets of $107.8 million and total deposits of $97.5 million. Approximately $7.1 million of the deposits exceeded FDIC insurance limits; this amount is likely to change once the FDIC obtains additional information from customers. Customers with accounts in excess of $250,000 should contact the FDIC toll-free at 1-866-314-1744 to set up an appointment to discuss their deposits,\u201d FDIC officials wrote in a news release. <\/p>\n<p>FDIC officials reported the last bank failure in Oklahoma was the Freedom State Bank in June 2014.<\/p>\n<hr\/>\n<p><strong>Top Headlines<\/strong><\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.koco.com\/article\/oklahoma-bank-fails-closed-by-federal-agency\/62658335\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oklahoma bank fails, closed by federal agency The Office of the Comptroller of Currency closed a Lindsay bank on Friday due to \u201cfalse and deceptive bank records\u201d suggesting fraud. Updated: &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=116219\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-116219","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/116219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=116219"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/116219\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=116219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=116219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=116219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}