94-24285. Determination of Insufficiency of Assets to Satisfy all Claims of Certain Financial Institutions in Receivership

[Federal Register Volume 59, Number 190 (Monday, October 3, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-24285]


[[Page Unknown]]

[Federal Register: October 3, 1994]


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FEDERAL DEPOSIT INSURANCE CORPORATION

 

Determination of Insufficiency of Assets to Satisfy all Claims of 
Certain Financial Institutions in Receivership

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Notice.

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SUMMARY: In accordance with the authorities contained in 12 U.S.C. 
1821(c), the Federal Deposit Insurance Corporation (FDIC) was duly 
appointed receiver for the financial institutions specified in 
SUPPLEMENTARY INFORMATION. The FDIC has determined that the proceeds 
which can be realized from the liquidation of the assets of the below 
listed receivership estates 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:
Tina A. Lamoreaux, Counsel, Legal Division, FDIC, 550 17th Street NW., 
Room H-11027, Washington, DC 20429. Telephone [phone].

SUPPLEMENTARY INFORMATION: Financial Institutions in Receivership 
Determined to Have Insufficient Assets to Satisfy All Claims.

Bank of Commerce and Trust Company, #2556, Tulsa, Oklahoma
Western Bank, #2596, Midland, Texas.

    Dated: September 27, 1994.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Acting Executive Secretary.
[FR Doc. 94-24285 Filed 9-30-94; 8:45 am]
BILLING CODE 6714-01-M