A second bank has failed in 2024. Here's why it's important to bank at a federally-insured bank [Yahoo! Finance]
First National Corporation (FXNC)
NASDAQ:AMEX Investor Relations:
ir.fbvirginia.com
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Source: Yahoo! Finance
Comptroller of the Currency over “false and deceptive” bank records. A member of the Federal Deposit Insurance Corp. (FDIC) , First National was the first bank since April 26 to be shut down by federal regulators. Two days later, it reopened as First Bank and Trust Co., based in Duncan, Oklahoma. Usually if a bank fails on a Friday, customers with insured deposits can continue using their debit or ATM card and write checks just as they did before the failure. The purpose is not to disrupt banking operations for customers affected by a bank's failure. Bank failures aren't common but you still need to be prepared because they can be unpredictable. That's why you should put your money in a federally insured bank or credit union, within the insurance limits, and you need to make sure you're following the insurance rules. Here's what happened at First National Bank of Lindsay and what you can do to protect your money at a federally insured institution should you be in this situation.
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News
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FXNC
Earnings
- 7/31/24 - Beat
FXNC
Sec Filings
- 10/8/24 - Form 13F-HR
- 10/4/24 - Form 4
- 10/4/24 - Form 3
- FXNC's page on the SEC website