In the past few years, regulators have found it necessary to close hundreds of insolvent banking institutions. The FDIC, acting as receiver for failed banks, is usually able to sell most of the assets of failed banks. Typically, the purchaser of a failed bank will acquire most or all of the assets of a […]
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 […]