FDIC terminates 6 bank receiverships, poised to end a 7th

The federal bank deposit insurance agency on Sept. 1 terminated its receiverships of six banks, having “fulfilled its obligations and made all dividend distributions required by law,” according to a notice filed with the Federal Register.

The six Federal Deposit Insurance Corp. (FDIC) receiverships terminated were for BestBank of Boulder, Colo.; Vineyard Bank, National Association, of Rancho Cucamonga, Calif.; Peoples Community Bank of West Chester, Ohio; First Lowndes Bank of Fort Deposit, Ala.; Home Valley Bank of Cave Junction, Ore.; and Trust Company Bank of Memphis, Tenn.

In another notice (both notices are slated for Monday’s F.R.), the FDIC said it plans to terminate its receivership of Inter Savings Bank, FSB (d/b/a InterBank, FSB) of Maple Grove, Minn. The receivership was initiated in 2012. Anyone who wants to comment on the planned action has 30 days from the FDIC notice to do so.

Notice of Termination of Receiverships

Notice to All Interested Parties of Intent to Terminate Receivership