All insured deposit accounts have been
transferred to The Citizens Banking Company, Sandusky, OH ("assuming institution")
and will be available immediately. Your bank will re-open during regular
business hours at the former Miami Valley Bank main
office and branch.
You may view more information about The Citizens Banking Company by visiting
their web site at The Citizens
Banking Company (CITIZENSBANK)
Principal and interest on insured accounts,
through October 4, 2007, are fully insured by the FDIC, up to the insurance limit of
$100,000. You will receive full payment for your insured account. Certain entitlements and
different types of accounts may be insured for more than the $100,000 limit. IRA funds are
insured separately from other types of accounts, up to a $250,000 limit.
If it is determined that you have uninsured
funds, the FDIC will mail you a Receiver Certificate. This certificate
entitles you to share proportionately in any funds recovered through the
assets of Miami Valley Bank. This means that you may eventually recover some of your
uninsured funds.
All accounts that exceed the $100,000 insurance
limit, and/or all accounts that appear to be related and exceed this limit,
are reviewed by the FDIC to determine their ownership and insurance coverage.
If it appears that you
have potentially uninsured funds, an FDIC Claim Agent will contact you,
by either telephone or mail, regarding your account(s). Or, you may call
1-800-451-1093 between 9:00 am and 10:00 pm EST to arrange for a telephone
interview with a Claim
Agent. The Claim Agent may direct you to download and submit a
particular form that will assist in expediting the processing of your claim.
List of Affidavits, Declarations, and Forms
available for download
Your transferred deposits will be separately
insured from any accounts you may already have at The Citizens Banking
Company
for six months after the failure of Miami Valley Bank. Checks that were
drawn on Miami Valley Bank that did not clear before the institution closed
will be honored up to the insurance limit. You may speak to an FDIC representative
regarding deposit insurance by calling:1-800-451-1093
You may withdraw your funds from any transferred
account without an early withdrawal penalty until you enter into a new deposit agreement
with The Citizens Banking Company by either making a deposit to or a withdrawal from your
account, provided the deposits are not pledged as collateral for loans.
For all questions regarding new loans and the
lending policies of The Citizens Banking Company, please visit
their web site:
The Citizens
Banking Company (CITIZENSBANK)
For additional information on
deposit insurance visit EDIE the FDIC's Electronic Deposit Insurance
Estimator.
EDIE
- FDIC's Electronic Deposit Insurance Estimator |