By Noah
A second bank failed this past Friday and it was radio silent from the Media.
I didn’t hear about it and I cover the news for a living!
Did you see it reported anywhere?
Only local news from what I can find.
They don’t want another bank failure going public before the election, but we report honestly and fairly here.
The bank that failed is the First National Bank of Lindsay in Oklahoma:
#BankFailure in Oklahoma
[Briefing]
The #FirstNational Bank of Lindsay has been shut down due to fraudulent records and capital depletion.
The #FDIC steps in, estimating a $43M hit to the Deposit Insurance Fund. Insured deposits now under First Bank & Trust Co.
Expect more… pic.twitter.com/ijH9ZoP6QM
— THE SPLINTER BRIEF (@SplinterBrief) October 19, 2024
This now marks the 2nd bank failure in 2024 and the 7th since Silicon Valley Bank failed in 2023:
First National Bank of Lindsay seized by FDIC, marking 2nd failure in 2024, 7th failure since Silicon Valley bank in 2023https://t.co/zcRhbIim7J pic.twitter.com/ulqOqlaGRA
— AJ Market Analytics (@AJFinancial2021) October 21, 2024
From local Fox25, here are more details:
The Office of the Comptroller of the Currency closed the First National Bank of Lindsay on Friday. The OCC said it acted after identifying false and deceptive bank records and other information suggesting fraud.
The First National Bank of Lindsay will reopen on Monday morning as a branch of the First Bank and Trust Co. out of Duncan…
READ FULL ARTICLE HERE… (100percentfedup.com)
Home | Caravan to Midnight (zutalk.com)
Be First to Comment