FDIC to terminate 14 bank receiverships dating from 2010-17

The federal agency that insures bank deposits is preparing to terminate 14 receivership actions dating back as far as 2010, according to a notice Monday in the Federal Register.

“The liquidation of the assets for each 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 Federal Deposit Insurance Corp. (FDIC) said in the notice.

The receiverships slated for termination are for:

  • Fayette County Bank, Saint Elmo, Ill., (in receivership since May 26, 2017)
  • Town Community Bank & Trust, Antioch, Ill., (in receivership since Jan. 15, 2010)
  • Libertypointe Bank, New York, N.Y., (in receivership since March 11, 2010)
  • Shorebank, Chicago, Ill., (in receivership since Aug. 20, 2010)
  • AmericanFirst Bank, Clermont, Fla., (in receivership since April 16, 2010)
  • First Federal Bank of North Florida, Palatka, Fla., (in receivership since April 16, 2010)
  • Butler Bank, Lowell, Mass., (in receivership since April 16, 2010)
  • Tamalpais Bank, San Rafael, Calif., (in receivership since April 16, 2010)
  • Towne Bank of Arizona, Mesa, Ariz., (in receivership since May 7, 2010)
  • New Liberty Bank, Plymouth, Mich., (in receivership since May 14, 2010)
  • Satilla Community Bank, Saint Marys, Ga., (in receivership since May 14, 2010)
  • Bartow County Bank, Cartersville, Ga., (in receivership since April 15, 2011)
  • Proficio Bank, Cottonwood Heights, Utah, (in receivership since March 3, 2017)
  • Guaranty Bank, Milwaukee, Wis., (in receivership since May 5, 2017)

Those who wish to comment on the termination of any of the above receiverships have 30 days from the date of the agency’s notice to do so; comments should be sent to Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Department 34.6, 1601 Bryan Street, Dallas, TX 75201.

Notice to All Interested Parties of Intent To Terminate Receiverships