FDIC Warns Customers Holding $7,100,000 in Uninsured Deposits After Sudden Bank Failure

The Federal Deposit Insurance Corporation (FDIC) says large customers at a recently shut down bank could collectively lose millions of dollars in uninsured deposits. The banking regulator says at least $7.1 million at First National Bank of Lindsay in Oklahoma was uninsured, held in accounts that exceed the agency’s $250,000 insurance coverage limit. For now, […] source: https://dailyhodl.com/2024/10/24/fdic-warns-customers-holding-7100000-in-uninsured-deposits-after-sudden-bank-failure/