The Freedman’s Savings and Trust Company, also known as the Freedman’s Bank, was established in March 1865 by white abolitionists, bankers and philanthropists. According to the Treasury Department, ...

The unexpected failure of First National Bank of Lindsay, Oklahoma, was a failure connected with potential fraud and significant losses for uninsured depositors. Only two bank failures in 2024 reflect ...

The first bank failure of 2024 happened when Republic First Bank, a financial institution based out of Philadelphia, was seized and closed by state and federal regulators last week. The bank ...

Most people still rely on banks for most of their financial needs: In fact, 96 percent of the country has at least one bank or credit union account. (And if you use a bank to deposit your salary and ...

With a background in journalism and counseling, Penny Min blends analytical research with real-world insight to help readers make informed financial decisions. At Forbes Marketplace, she specializes ...

A massive bank failure has occurred, yet no headlines have been posted in the news or social media. This bank has lost close to a trillion dollars on its investments. Yet it continues to operate as if ...

Silicon Valley Bank failed in March after a bank run, precipitating a mini-financial crisis. While regulators acted quickly and ensured that the damage to the banking system was minimized, within 48 ...

On Friday, Oct. 18, the First National Bank of Lindsay in south central Oklahoma, was reported closed by the Department of Treasury’s Office of Comptroller of the Currency over “false and deceptive” ...

You’re likely aware of the recent bank failures, totaling almost $550 billion in assets, as of this writing. In March, Silicon Valley Bank collapsed, which was at the time the second-largest bank ...

Report says second-mortgage production reached post-financial crisis high in 2022 before falling off this year. After surging to a post-financial-crisis high last year, home-equity originations have ...

After a tumultuous 2023 that saw some of the largest bank failures ever, the U.S. banking system appears to have stabilized. More bank failures are inevitable, however, and depositors could risk ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. LINDSAY, Okla. (KFOR) — Residents in the ...