Two banking failures in Oklahoma and Wisconsin have raised the number of banking failures for 2010 to 25. Most of the banking failures this year have been smaller banking institutions that cannot raise capital or compete with larger banks. Banking failures have increased steadily since 2007 as a tidal wave of defaulting loans and plunging […]
The Reason Behind the Failure of “Well Capitalized” The First National Bank of Davis, OK
March 11, 2011 By 1 Comment
The closing of The First National Bank of Davis, Davis, Oklahoma, leaves depositors and local residents with many unanswered questions. The First National Bank of Davis has had a community presence for more than 100 years, having been established in 1895. The First National Bank maintained its sole branch in Davis and had $90.2 million […]