A former borrower of the First National Bank of Lindsay conspired with the bank’s former chief executive concerning loans, which contributed to the Oklahoma bank’s collapse in 2024, the DOJ said.
FDIC
Posted inFinancial Services
Statement by U.S. financial regulators clarifies confidentiality of suspicious activity filings
The federal Bank Secrecy Act does not prohibit financial institutions from speaking openly with customers who are the subjects of official SARs, according to a clarifying statement issued by U.S. financial regulators Wednesday.
