66 FR 225 pg. 58490 - Determination of Insufficient Assets To Satisfy All Claims of Financial Institution in Receivership
Type: NOTICEVolume: 66Number: 225Page: 58490
FR document: [FR Doc. 01-29080 Filed 11-20-01; 8:45 am]
Agency: Federal Deposit Insurance Corporation
Official PDF Version: PDF Version
FEDERAL DEPOSIT INSURANCE CORPORATION
Determination of Insufficient Assets To Satisfy All Claims of Financial Institution in Receivership
AGENCY:
Federal Deposit Insurance Corporation.
ACTION:
Notice.
SUMMARY:
The Federal Deposit Insurance Corporation (FDIC), as receiver for the financial institution specified in SUPPLEMENTARY INFORMATION , has determined that the proceeds that can be realized from the liquidation of assets of the below listed receivership estate are insufficient to wholly satisfy the priority claims of depositors against the receivership estate. 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 lesser 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, FDIC, 550 17th Street, NW., Room H-10160, Washington, DC 20429. Telephone: (202) 736-0168.
SUPPLEMENTARY INFORMATION:
Financial Institution In Receivership Determined To Have Insufficient Assets To Satisfy All Claims
FIN 6003
Mutual Federal Savings Bank of Atlanta, Atlanta, GA
Federal Deposit Insurance Corporation.
Dated: November 15, 2001.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 01-29080 Filed 11-20-01; 8:45 am]
BILLING CODE 6714-01-P