Six bank receiverships terminated, two pending, FDIC says

The federal bank deposit insurer on Sept. 1 terminated six bank receiverships, stating in a Federal Register notice that it “has fulfilled its obligations and made all dividend distributions required by law.”

The six just-terminated receiverships were for County Bank, Merced, Calif. (closed in 2009); Home Federal Savings Bank, Detroit, Mich. (closed in 2009); Bank of Illinois, Normal, Ill. (closed in 2010); First Vietnamese American Bank, Westminster, Calif. (closed in 2010); Evergreen State Bank, Stoughton, Wis. (closed in 2011); and Harvest Community Bank, Pennsville, N.J. (closed in 2017).

The FDIC, in other notices, points to two more receiverships coming to an end in the near future: Citytrust, Bridgeport, Conn. (closed in 1991); and Capitol City Bank & Trust Company, Atlanta, Ga. (closed in 2015). Anyone interested in commenting on either has about 30 days to notify the FDIC.

Notice of termination of receiverships

Notice of intent to terminate receivership – Citytrust

Notice of intent to terminate receivership – Capitol City Bank & Trust

 

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