Search Results for keywords:"final dividend payment"

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Search Results: keywords:"final dividend payment"

  • Type:Notice
    Citation:90 FR 9080
    Reading Time:less than a minute

    The Federal Deposit Insurance Corporation (FDIC) has announced its intent to terminate the receiverships for certain institutions, as their asset liquidation has been completed. The FDIC plans to make a final dividend payment to authorized creditors, as allowed by the funds available. The notice specifies that these receiverships will end at least 30 days following the announcement date. Interested parties have until this deadline to submit written comments regarding these terminations.

    Simple Explanation

    The FDIC plans to close down certain banks they took over because they sold everything they could. People who are owed money have 30 days to speak up if they have something to say about this.

  • Type:Notice
    Citation:90 FR 10500
    Reading Time:less than a minute

    The Federal Deposit Insurance Corporation (FDIC) announced its plan to end the receivership of an institution, as the process of liquidating its assets is complete. The FDIC will make a final payment to verified creditors using the available funds. The receivership's termination is set to occur no less than 30 days from the notice's release date. Individuals wishing to comment on this decision must submit their remarks in writing to the FDIC within the 30-day window.

    Simple Explanation

    The FDIC is planning to stop watching over a bank because they've finished selling everything the bank owned. They'll pay back the people the bank owed money to one last time, and anyone who wants to say something about this plan has to write to them within 30 days.