Federal Register #2026-12010

FDIC Notice of Intent to Terminate Receiverships for Several Institutions

This notice from the Federal Deposit Insurance Corporation (FDIC) announces the intent to terminate receiverships for several financial institutions. - Government Buyer: - Federal Deposit Insurance Corporation (FDIC) - Institutions affected: - First National Bank of Nevada - The Cowlitz Bank - First NBC Bank - Citizens Bank - Key details: - FDIC, as Receiver, has completed asset liquidation for each receivership - Final dividend payments will be made to proven creditors as permitted by available funds and law - The continued existence of these receiverships is deemed unnecessary - Interested parties may submit written comments regarding the termination - No products, services, OEMs, or vendors are mentioned - No procurement or award actions are associated with this announcement

Description

The Federal Deposit Insurance Corporation (FDIC) has issued a notice of its intent to terminate receiverships for several institutions. The liquidation of the assets for each receivership has been completed, and final dividend payments to proven creditors will be made as permitted by available funds and law. The FDIC has determined that the continued existence of these receiverships will serve no useful purpose and plans to terminate them no sooner than thirty days after the date of the notice. Interested parties may submit written comments within thirty days of the notice date, identifying the receivership concerned.

View original listing