FDIC slates 3 bank receiverships for termination

The federal agency that insures bank deposits says it intends to terminate the receiverships for Excel Bank of Sedalia, Mo., Alliance Bank of Culver City, Calif., and First United Bank of Crete, Ill.

The Federal Deposit Insurance Corp. (FDIC) was appointed receiver of Excel Bank on Oct. 19, 2012; Alliance Bank on Feb. 6, 2009; and First United Bank on Sept. 28, 2012. “The liquidation of the assets for each receivership has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors,” the FDIC said in a notice slated for publication Monday in the Federal Register. It said the receiverships will terminate “no sooner than” 30 days after the date of the notice.

Anyone wishing to comment on any of these terminations submit the comment in writing, identify the receivership to which the comment pertains, and be sent within 30 days of the date of the notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Department 34.6, 1601 Bryan Street, Dallas, TX 75201.

Notice to All Interested Parties of Intent to Terminate Receiverships