Banks in Texas and Oklahoma were closed.
The bank failures were the 35th and 36th of the year. The Comptroller of the Currency declared Energy Bank in Dallas insolvent and appointed the Federal Deposit Insurance Corp. as receiver, an agency spokesman said. The bank, which had $24 million in deposits, was the third Texas bank to fail this year. Its deposits were assumed by Oak Bank & Trust of Dallas. The Bank of Newcastle, of Newcastle, Okla., also closed its doors, and its $27 million in deposits have been assumed by Allied Oklahoma Bank, N.A., a statewide bank group.
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