Another Oklahoma bank was closed by the state.
Central Bank & Trust of Tulsa became the 100th U.S. bank to fail this year, the Federal Deposit Insurance Corp. said. FDIC Chairman William Seidman has estimated that between 140 and 160 banks will fail by the end of the year, which would be the highest total for any year since 1933. Oklahoma officials attributed the Tulsa bank’s failure to high-risk lending and weak collection practices unrelated to the weak energy and farm sectors.
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