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).
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2025-21626, Regulatory Capital Rule: Modifications to the Enhanced Supplementary Leverage Ratio Standards for U.S. Global Systemically Important Bank Holding Companies and Their Subsidiary Depository Institutions; Total Loss-Absorbing Capacity and Long-Term Debt Requirements for U.S. Global Systemically Important Bank Holding Companies
Big U.S. banks that are super important to the economy are getting new rules to keep them safer and stronger. These changes tweak how much money they must keep on hand and how they handle long-term debt, helping prevent financial trouble. The new rules kick in soon and could affect how these banks manage billions in assets and debt.
2026-17307, Interagency Rescission of the Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B
FDIC, NCUA, OCC, CFPB, HUD, DOJ, and FHFA (collectively, the agencies) are issuing this notice to inform the public of the rescission of the "Interagency Statement on Special Purpose Credit Programs Under the Equal Credit Opportunity Act and Regulation B" (Interagency Statement), dated February 22, 2022. The agencies are rescinding the Interagency Statement to make clear that (1) creditors may not discriminate against borrowers based on prohibited characteristics and (2) creditors should not rely upon the Interagency Statement or other related issuances going forward.
2026-16454, Community Reinvestment Act Regulations
The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) are proposing to amend their Community Reinvestment Act rules by making certain substantive, technical, and process-oriented changes to refocus on the statutory objective of encouraging banks to meet the credit needs of their communities; to better ensure that community development grants reach the communities they are intended to benefit; to reduce unnecessary burden, particularly for community banks; and to provide greater clarity for how to obtain CRA consideration. The OCC and the FDIC are also proposing certain technical changes to their rules implementing the Community Reinvestment Act sunshine requirements of the Federal Deposit Insurance Act. In addition, the OCC is proposing similar technical changes to its Public Welfare Investments rule and its Rules, Policies, and Procedures for Corporate Activities.
2026-15995, Extensions of Credit to Insiders
The Federal Deposit Insurance Corporation (FDIC) is proposing to increase quantitative thresholds for certain extensions of credit to insiders of FDIC-supervised institutions, as restricted by the Federal Reserve Act and regulations promulgated thereunder. Specifically, the proposal would increase the thresholds for certain extensions of credit to executive officers not otherwise specifically authorized by statute from $100,000 to $400,000; and extensions of credit to insiders requiring prior approval by the board of directors from $500,000 to $2,000,000. The proposal would also establish an indexing methodology to periodically update such thresholds over time.
2026-14900, Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager
The FDIC just took over Small Business Bank in Lenexa, Kansas, after it closed on July 17, 2026. This means the FDIC is now in charge of handling the bank’s affairs to protect customers and manage its assets. If you had money there, the FDIC is working to keep things safe and sorted out as quickly as possible.
2026-14589, Reporting Forms and Instructions Associated With Requirements and Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers
The FDIC is rolling out new weekly and quarterly reporting forms for companies that issue permitted payment stablecoins and are supervised by the FDIC. These forms help keep things transparent and safe, and the FDIC wants your feedback by September 18, 2026. If you’re involved in stablecoins, get ready for new paperwork that keeps the money world running smoothly!
Previous / Next Documents
Previous: 2025-02309, Pacific Fishery Management Council; Public Meeting
The Pacific Fishery Management Council's Habitat Committee is hosting an online public meeting to talk about protecting ocean habitats that fish and sea creatures need. This affects fishermen, coastal communities, and anyone who loves healthy oceans. The meeting is a chance to share ideas and help shape future fishing rules—no money changes yet, but your voice matters!
Next: 2025-02311, Board of Visitors for the U.S. Army Command and General Staff College Meeting Notice
The Board of Visitors for the U.S. Army Command and General Staff College is holding a public meeting at Fort Leavenworth, KS. This meeting lets folks check in on how the college is doing and share ideas to keep it top-notch. No costs or big changes are happening, but it’s a great chance to stay informed and involved!