94-3825. Determination of Insufficiency of Assets to Satisfy All Claims of Certain Financial Institutions in Receivership  

  • [Federal Register Volume 59, Number 35 (Tuesday, February 22, 1994)]
    [Unknown Section]
    [Page 0]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 94-3825]
    
    
    [[Page Unknown]]
    
    [Federal Register: February 22, 1994]
    
    
    =======================================================================
    -----------------------------------------------------------------------
    
    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.
    
    -----------------------------------------------------------------------
    
    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 each of 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 these 
    receivership estates are insufficient to satisfy all classes of claims, 
    asserted or unasserted against the receivership estate. Therefore, upon 
    satisfaction of secured claims, depositor claims and claims which have 
    priority over depositors under applicable state and federal law, no 
    amount will remain or will be recovered sufficient to allow a dividend, 
    distribution or payment to any other creditor and therefore the claim 
    of any such creditor is worthless.
    
    FOR FURTHER INFORMATION CONTACT:
    Keith Ligon, Counsel, Legal Division, FDIC, 1717 H Street, NW., 
    Washington, DC 20006. Telephone: (202) 736-0160.
    
    SUPPLEMENTARY INFORMATION: 
    
    Financial Institutions in Receivership Determined to Have Insufficient 
    Assets to Satisfy All Claims
    
    Union Bank & Trust, #2813, Dallas, Texas
    Western State Bank of Denton, #2499, Denton, Texas
    Peoples State Bank, #4306, Dallas, Texas.
    
        Dated: February 15, 1994.
    
    Federal Deposit Insurance Corporation.
    Robert E. Feldman,
    Acting Executive Secretary.
    [FR Doc. 94-3825 Filed 2-18-94; 8:45 am]
    BILLING CODE 6714-01-M
    
    
    

Document Information

Published:
02/22/1994
Department:
Federal Deposit Insurance Corporation
Entry Type:
Uncategorized Document
Action:
Notice.
Document Number:
94-3825
Pages:
0-0 (1 pages)
Docket Numbers:
Federal Register: February 22, 1994