The Nation - News from Nov. 10, 1986

The Federal Deposit Insurance Corp. began issuing checks Sunday for insured depositors of the First National Bank & Trust Co. of Enid, Okla., which was closed by federal regulators last week. The doors opened at 1 p.m. for depositors with holdings under the federally insured $100,000 to receive their checks, said Pat McCarthy, FDIC supervisor at the bank. The federal comptroller of the currency blamed the bank’s problems on inadequate management and the region’s economy, which has been hard hit by the downturn in agriculture and energy. The closure of the Enid bank and three others brought the total this year to 120 nationwide, a post-Depression high for the second consecutive year.