Bank Failure
FIRST NB OF LINDSAY
Closed October 18, 2024 · LINDSAY, OK · FDIC Cert #4134.
- Closing date
- October 18, 2024
- Headquarters
- LINDSAY, OK
- FDIC Certificate
- 4134
- Total assets at closing
- $107,850,000
- Total deposits at closing
- $97,515,000
- Estimated loss to DIF
- $47,303,000
- Resolution type
- other
- Acquirer
- FIRST BANK & TRUST CO. (FDIC Cert #10547)
Context
On October 18, 2024, regulators closed FIRST NB OF LINDSAY, headquartered in LINDSAY, OK. At closing, the institution held approximately $107,850,000 in assets and $97,515,000 in deposits. The FDIC arranged a resolution under which FIRST BANK & TRUST CO. acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $47,303,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 2024
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 2024-04-26 | REPUBLIC BANK | PHILADELPHIA, PA | $5,866,190,000 |
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