FDIC Says Goodbye to 12 Defunct Banks: Case Closed!
Published Date: 2/6/2025
Notice
Summary
The FDIC has officially closed the books on several banks by ending their receiverships as of February 1, 2025. This means all assets were sold, money was paid out, and the banks no longer exist as legal entities. If you had business with these banks, the process is done and dusted—no more waiting or money changes coming your way!
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Receiverships Terminated for Listed Banks
The FDIC terminated the receiverships for the listed insured banks effective February 1, 2025. The Receiver says it has liquidated assets and made all dividend distributions required by law, so if you had business with these banks there should be no further payments or changes. The terminated institutions include Warren Bank (Warren, MI), Citizens State Bank (New Baltimore, MI), Rockbridge Commercial Bank (Atlanta, GA), Barnes Banking Company (Kaysville, UT), Centennial Bank (Ogden, UT), Crescent Bank and Trust Company (Jasper, GA), Ravenswood Bank (Chicago, IL), Premier Bank (Jefferson City, MO), K Bank (Randallstown, MD), First Banking Center (Burlington, WI), and The Bank of Miami, N.A. (Coral Gables, FL).
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