98-1345. Determination of Insufficiency of Assets to Satisfy All Claims of Certain Financial Institution in Receivership

[Federal Register Volume 63, Number 13 (Wednesday, January 21, 1998)]
[Notices]
[Pages 3114-3115]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-1345]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Determination of Insufficiency of Assets to Satisfy All Claims of 
Certain Financial Institution in Receivership

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Notice.

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SUMMARY: The Federal Deposit Insurance Corporation (FDIC), as receiver 
for the financial institution specified in SUPPLEMENTARY INFORMATION, 
has determined that the proceeds which can be realized from the 
liquidation of the assets of the below listed receivership estate are 
insufficient to wholly satisfy the priority claims of depositors 
against the receivership estates. Therefore, upon satisfaction of 
secured claims, depositor claims and claims which have priority over 
depositors under applicable law, no amount will remain or will be 
recovered sufficient to allow a dividend, distribution or payment to 
any creditor of lessor priority, including but not limited to, claims 
of general creditors. Any such claims are hereby determined to be 
worthless.

FOR FURTHER INFORMATION CONTACT: Thomas Bolt, Counsel, Legal Division,

[[Page 3115]]

FDIC, 550 17th Street, N.W., Room H-11048, Washington, D.C. 20429. 
Telephone: [phone].

SUPPLEMENTARY INFORMATION:

Financial Institution in Receivership Determined to Have Insufficient 
Assets to Satisfy All Claims

Whitney Bank & Trust--4342 Hamden, Connecticut

    Dated: January 14, 1998.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 98-1345 Filed 1-20-98; 8:45 am]
BILLING CODE 6714-01-P