FDIC ends receiverships of 3 banks closed in 2009, 2014

Work related to the receiverships of three insured banks that were closed five years and 10 years ago, respectively, has been completed, the federal bank deposit insurer stated in Federal Register notices slated for publication Thursday.

The receiverships, which ceased Nov. 1, the Federal Deposit Insurance Corp. (FDIC) stated, were for:

  • American Sterling Bank, Sugar Creek, Mo. (closed in April 2009);
  • Mutual Bank, Harvey, Ill. (closed in July 2009); and
  • Allendale County Bank, Fairfax, S.C. (closed in April 2014).

The FDIC was appointed receiver for each of the failed institutions and was charged with winding up their affairs and liquidating all related assets. That work is done, and the receiverships have ceased, the notices state.

Notice of Termination of Receiverships