LINDSAY, Okla. (KFOR) — Residents of Lindsay are feeling stressed after a bank failed in the community. The First National Bank of Lindsay was shut down by federal regulators on Friday. Monday morning it reopened as First Bank & Trust Co., which is based out of Duncan. One arrested after deadly shooting at NW Oklahoma City apartment complex The bank was filled with customers coming in to check the status of their accounts. "What should I do? Should I move my money or I don't know?," said Wanda Moore, Lindsay resident. Residents came to find out if there account was insured it automatically transferred over. "They said everything's good, that we don't need to do anything, our debit cards are the same and there might be some transitions later, but for now we're good to go," said Carlie Robertson, Lindsay resident. The Office of the Comptroller of the currency (OCC) shut down the First National Bank of Lindsay. Investigators found 'false and deceptive records', the bank was in an 'unsafe and unsound condition to transact business' and that the assets were 'less than its obligations to creditors and others.' This failure marks the second in the nation this year, Robert Petersen the president of the acquired bank says there shouldn't be a concern. "The government has done a really good job with organizing this in such a way that it minimizes the risk, minimizes the losses and allows banks like us to come in and continue business and serve the community without a lot of complications or problems," said Petersen. The Oklahoma Bankers Association also tells News 4 that this was an isolated event and that they believe community banking in stronger than ever in the state. The last bank failure in Oklahoma was the Freedom State Bank in 2014. Early estimates show the failure will cost the Federal Deposit Insurance Corporation (FDIC) about $43 million. Will US convenience stores find the secret to selling better food? While there is no exact amount as to how many customers lost money, the FDIC says it's a small ratio. As of last quarter's report, the failed bank had $97.5 million in total deposits. Of that amount around seven million dollars exceeded insurance limits. The OCC is also referring this matter to the United States Department of Justice, which has a wide variety of tools to hold individuals accountable for criminal acts and focuses on victims in all of its matters. Customers with over $250 thousand in their accounts should contact the FDIC toll-free number at 1-866-314-1744 or visit their website.