Notice
15 May 2025
banking, fdic, creditors, receivership, financial recovery
💰FDIC's Notice on Termination of Receiverships - Business Implications
The FDIC announced its intention to terminate receiverships for specific banks following completed asset liquidation. Proven creditors will receive final dividends as a result, and public comments are invited regarding this termination, providing a significant closure for affected stakeholders in the banking sector.
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Notice
24 Feb 2025
banking, fdic, creditors, illinois, financial stability, asset liquidation, receivership, chicago, new city bank
🏦FDIC Notice
The Federal Deposit Insurance Corporation (FDIC) has issued a notice regarding the intent to terminate the receivership of New City Bank in Chicago, Illinois. Following the completion of asset liquidation, the FDIC will make final dividend payments to proven creditors. Comments regarding the termination must be submitted within 30 days of the notice.
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Compliance, Regulatory Requirements
27 Jan 2025
compliance, regulations, consumer financial protection, creditors, medical information