Receiverships completed for 2 banks in Missouri and Georgia

Assets have been liquidated for two banks in Georgia and Missouri, the federal insurer of deposits in banks said in a notice published Monday in the Federal Register.

The Federal Deposit Insurance Corp. (FDIC) notice said the liquidation of assets for receiverships of Truman Bank in St. Louis, begun nearly six years ago, and Woodbury Banking Corp. of Woodbury, Ga., begun just more than two years ago, were 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 noted.

The receiverships will be terminated, the FDIC stated, to be effective no sooner than 30 days after Monday.

FDIC notice of termination of receiverships