95-28460. Determination of Insufficiency of Assets To Satisfy All Claims of Certain Financial Institutions in Receivership

[Federal Register Volume 60, Number 225 (Wednesday, November 22, 1995)]
[Notices]
[Page 57869]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-28460]



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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 institution 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 
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: Tina A. Lamoreaux, Counsel, Legal 
Division, FDIC, 550 17th Street NW., Room H-11027, Washington, DC 
20429. Telephone: [phone].

SUPPLEMENTARY INFORMATION: Financial Institution in Receivership 
Determined to Have Insufficient Assets to Satisfy All Claims, Lakeland 
State Bank, #4235, Austin, Texas.

    Dated: November 13, 1995.

Federal Deposit Insurance Corporation.
Jerry L. Langley,
Executive Secretary.
[FR Doc. 95-28460 Filed 11-21-95; 8:45 am]
BILLING CODE 6714-01-M