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Regulators shutter bank in Oklahoma

By Washington Examiner
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WASHINGTON (AP) — Regulators have closed a small lender in Oklahoma, the second U.S. bank failure of 2014.

The Federal Deposit Insurance Corp. said Friday that it has taken over The Bank of Union. BancFirst, based in Oklahoma City, has agreed to assume Bank of Union’s deposits and to buy $225.5 million of the failed bank’s assets.

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