FDIC announces five bank receiverships terminated

The Federal Deposit Insurance Corp. (FDIC) has announced the termination of five bank receiverships now that all obligations of the closed institutions have been disposed of.

Four of the terminated receiverships are for Community First Bank – Chicago (Chicago, Ill.); The Bank of Commerce (Wood Dale, Ill.); Western Springs National Bank and Trust (Western Springs, Ill.); and Mid City Bank, Inc. (Omaha, Neb.). The FDIC says it has fulfilled all obligations as receiver of these institutions and made all dividend distributions required by law.

In a separate notice, the FDIC announced the termination of receivership for Guaranty National Bank of Tallahassee (Tallahassee, Fla.) and said remaining assets were distributed to the institution’s sole shareholder, Evergreen Bancshares, Inc.

FDIC Notice of Termination of Receiverships

FDIC Notice of Termination of Receivership (Guaranty National Bank of Tallahassee)