Www.youtube.com – KOCO 5 News – 2024-10-20 10:58:23. SUMMARY: The First National Bank of Lindsay has been shut down by the FDIC due to allegations of false records suggesting fraud. Longtime customers, like Lynn Scruggs, who has banked there for 60 years, express shock over the closure. FDIC officials are on-site to ensure the transition, guaranteeing accounts with $250,000 or less are fully insured, but are still determining compensation for larger accounts. This incident marks the second bank failure in the U.S. this year and the first in Oklahoma since 2014. Despite the upheaval, the local community remains resilient and is adjusting to the changes.