Type:Notice
Citation:90 FR 8215
Reading Time:less than a minute
The Federal Deposit Insurance Corporation (FDIC) has announced that it has become the only receiver for a particular financial institution that has been closed. This means the FDIC is now in charge of managing and liquidating the assets of this financial institution. The details of these institutions are regularly updated and can be found on the FDIC website. For further inquiries, individuals can contact the Chief of Receivership Oversight through email.
Simple Explanation
The Federal Deposit Insurance Corporation (FDIC) has taken charge of a bank that has closed. Now, the FDIC will look after the bank's money and things to make sure everything is handled properly.