Receivership procedures will end for two banks after nearly eight years, the Federal Deposit Insurance Corp. (FDIC) will announce. The agency noted that the assets of both banking organizations – BC National Banks of Butler, Mo., and Sonoma Valley Bank of Sonoma, Calif. – have been liquidated. In filings with the Federal Register, the FDIC said the receiver will be making final dividend payments to proven creditors as permitted by available funds and in accordance with law. BC National Banks was placed in receivership in late April 2010; Sonoma Valley Bank in August 2010.
Terminations of Receiverships: BC National Banks; Sonoma Valley Bank