Federal Register #2026-18050

FDIC Notice of Intent to Terminate Receiverships for Several Banks

This notice from the Federal Deposit Insurance Corporation (FDIC) announces the intent to terminate receiverships for several failed banks. - Government Buyer: - Federal Deposit Insurance Corporation (FDIC) - Banks affected: - Citizens National Bank (Macomb, IL) - Platinum Community Bank (Rolling Meadows, IL) - Riverside National Bank of Florida (Fort Pierce, FL) - City National Bank New Jersey (Newark, NJ) - Process details: - FDIC has completed liquidation of assets for these institutions - All legal obligations, including dividend distributions to proven creditors, have been fulfilled - Final dividend payments will be made - Written comments from interested parties regarding the termination are invited - No products, services, OEMs, or vendors are mentioned - Focus is solely on the administrative process of receivership termination

Description

This notice informs interested parties of the Federal Deposit Insurance Corporation's (FDIC) intent to terminate certain receiverships. It provides details about the receiverships being terminated, including the names and locations of the institutions involved, and the process for final dividend payments to creditors. The notice also outlines the legal authority and effective dates for the termination of these receiverships. Interested parties are invited to submit comments within thirty days of the notice date.

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