Bank Failure
First NB of Lindsay
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Closed October 18, 2024 · Lindsay, OK · FDIC Cert #4134.
- Closing date
- October 18, 2024
- Headquarters
- Lindsay, OK
- FDIC Certificate
- 4134
- Total assets at closing
- $107.8M
- Total deposits at closing
- $97.5M
- Estimated loss to the insurance fund
- $45.1M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- First Bank & Trust Co.
Context
On October 18, 2024, regulators closed First NB of Lindsay, headquartered in Lindsay, OK. At closing, the institution held approximately $107.8M in assets and $97.5M in deposits. The FDIC record names First Bank & Trust Co. as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $45.1M.
By assets at closing this is the 1148th largest of the 3,526 bank failures in the FDIC record, and the 2nd of 2 in 2024. It falls in the period the record labels Regional Banking Stress (2023-present), a period with 15 failures peaking at 6 in 2026.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did First NB of Lindsay fail?
First NB of Lindsay was closed by regulators on October 18, 2024.
Who acquired First NB of Lindsay?
The FDIC record names First Bank & Trust Co. as the acquiring institution in the resolution of First NB of Lindsay.
How big was First NB of Lindsay when it failed?
First NB of Lindsay had approximately $107.8M in total assets and $97.5M in deposits at the time of failure.
Other failures in 2024
| Date | Bank | Assets |
|---|---|---|
| Apr 26, 2024 | Republic Bank | $5.87B |
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