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Failed Bank Information
Bank Closing Information for The National State Bank of Metropolis, Metropolis, Illinois
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- Introduction
- Press Release
- Acquiring Financial Institution
- Priority of Claims
- Dividend Information
- Receivership Termination
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| I. Introduction |
On December 14, 2000, The National State Bank of Metropolis, Metropolis,
Illinois, was closed by Office of the Comptroller of the Currency. The Federal
Deposit Insurance Corporation (FDIC) was named Receiver. As Receiver, the FDIC
is charged with winding up the business affairs of the failed financial
institution. This includes the disposition of assets and liabilities of the
failed financial institution and payment of dividends to approved creditors in
order of priority.
The FDIC, as Receiver has taken all necessary actions to conclude the affairs
of the failed financial institution, made all dividend distributions as
required by law and the receivership estate is deemed terminated. |
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| II. Press
Release |
| The FDIC issued a press release about the
institution’s closure. If you represent a media outlet and would like
information about the closure, please contact the FDIC Public Affairs
Office at (202) 898-6993.
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| III. Acquiring
Financial Institution |
| All insured deposit accounts were transferred to Banterra Bank of
Marion, Marion, Illinois, and were available as usual during regular business
hours at the following Banterra Bank’s office:
101 W. 8th Street
Metropolis, IL 62960
Phone: (618) 524-9316 |
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IV. Priority of Claims |
The dividend process is complete. In accordance with Federal law,
allowed claims are paid, after administrative expenses, in the following order
of priority:
Depositors
General Unsecured Creditors
Subordinated Debt
Stockholders |
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| V. Dividend
Information |
Dividend
Information on Failed Financial Institutions |
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| VI. Receivership
Termination |
The FDIC, as Receiver for The National State Bank of
Metropolis, Metropolis, Illinois, has taken all actions necessary to
terminate the receivership estate.
The Receiver published legal notice of intent to terminate in the
Paducah Sun, Paducah, Kentucky on December 23, 2002.
The Receiver has made all dividend distributions required by law.
Effective March 17, 2005, the Receivership Estate has been terminated,
the
Receiver discharged, and the Receivership Estate has ceased to exist
as a legal entity. |
| General Disclaimer |
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