OKLAHOMA CITY – DANNY SEIBEL, the former president and CEO of the now-defunct First National Bank of Lindsay (FNBL), has pleaded guilty to one count of bank fraud, announced U.S. Attorney Robert J. Troester.
According to court documents, Seibel, 55, of Lindsay, Oklahoma, was an executive at FNBL from in or around February 2007 until his termination in September 2024. As alleged, Seibel caused FNBL to issue loans to certain customers, many of whom were his personal friends and neighbors, that the borrowers never repaid. Seibel then manipulated the bank’s records and falsified various bank reports to falsely overstate the performance of the loans, including by using new loans or transfers of the bank’s own funds to cover overdrafts of outstanding loans.
The Office of the Comptroller of the Currency appointed a receiver for the bank in October 2024.
On December 3, 2025, a federal grand…
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