Bank Bust Endgame: FDIC Terminates Multiple Receiverships
Published Date: 2/6/2025
Notice
Summary
The FDIC is wrapping up its work with several banks by ending their receiverships since all assets have been handled. If you’re a creditor, you might get a final payment soon. Anyone wanting to speak up has 30 days to send their comments before the receiverships officially close.
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Final Payments for Proven Creditors
If you are a proven creditor of one of the listed receiverships (Citizens National Bank, Independent Bankers' Bank, Proficio Bank, Washington Federal Bank for Savings, City National Bank New Jersey), the FDIC says liquidation of assets is complete and it will make a final dividend payment to proven creditors “to the extent permitted by available funds and in accordance with law.” The receiverships are set to terminate no sooner than 30 days after the date of this notice (dated February 3, 2025).
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in