Oklahoma Man Pleads Guilty to Fraud Scheme Involving Failed Community Bank

Shaun U. Christian has pleaded guilty to conspiracy to commit bank fraud and money laundering related to the collapse of the First National Bank of Lindsay. Prosecutors stated that Christian and the bank's former CEO, Danny Seibel, submitted false loan information and altered account records to conceal the bank's true financial condition until its failure in October 2024. Seibel also pleaded guilty to bank fraud in May 2026. Both men face up to 30 years in federal prison and fines of up to $1 million.