Notice
5 Jun 2025
regulation, banking, fdic, legal, receivership, termination, financial institution
🏦FDIC Notice of Termination of Receiverships Summary
The Federal Deposit Insurance Corporation (FDIC) issues a notice regarding the termination of the receivership for New City Bank in Chicago, Illinois. The FDIC has fulfilled its obligations by liquidating assets and distributing dividends as required by law. The receivership will officially cease to exist following the stated termination date, with FDIC-Corporate authorized to act on the Receiver's behalf for necessary documentation.
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