Federal deposit insurer terminates 3 bank receiverships, with another scheduled

The federal receiverships of three failed banks in Florida, North Carolina, and Illinois were terminated Oct. 1, and an additional receivership is scheduled to end about 30 days from now, according to notices Friday in the Federal Register.

The Federal Deposit Insurance Corp. (FDIC), in the notices, said it had “fulfilled its obligations and made all dividend distributions required by law” with respect to Peoples First Community Bank, Panama City, Fla., closed in December 2009; Blue Ridge Savings Bank Inc., Asheville, N.C., closed in October 2011; and First United Bank, Crete, Ill., closed in September 2012.

FDIC also plans to terminate its receivership of Georgia Trust Bank (Buford, Ga.), which was closed in July 2012.  “The liquidation of the assets for the 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 agency says in its notice. The receivership will end “no sooner than” 30 days after the notice; anyone wishing to lodge concerns is instructed to do so before that time period runs out.

Notice of termination of receiverships

Notice of intent to terminate receivership

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