4 Mar 2025
🏦FDIC Notice
Notice to All Interested Parties of Intent To Terminate Receivership
Summary
The Federal Deposit Insurance Corporation announces its intent to terminate the receivership of The National Republic Bank of Chicago. Following the completion of asset liquidation, the FDIC will issue final dividend payments to verified creditors. The termination will take effect no sooner than 30 days from the notice. Interested parties can submit written comments regarding this decision.
Agencies
- Federal Deposit Insurance Corporation
Business Impact
$$ - Med
The notice involves the termination of a receivership by the FDIC and indicates that final dividend payments will be made to proven creditors. This could affect businesses with claims against the receivership, as they may receive financial payouts, impacting their cash flow and financial planning.