[Federal Register: January 21, 1998 (Volume 63, Number 13)]
[Notices]
[Page 3114-3115]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr21ja98-61]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Determination of Insufficiency of Assets to Satisfy All Claims of
Certain Financial Institution in Receivership
AGENCY: Federal Deposit Insurance Corporation.
ACTION: Notice.
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SUMMARY: The Federal Deposit Insurance Corporation (FDIC), as receiver
for the financial institution specified in SUPPLEMENTARY INFORMATION,
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: Thomas Bolt, Counsel, Legal Division,
[[Page 3115]]
FDIC, 550 17th Street, N.W., Room H-11048, Washington, D.C. 20429.
Telephone: (202) 736-0168.
SUPPLEMENTARY INFORMATION:
Financial Institution in Receivership Determined to Have Insufficient
Assets to Satisfy All Claims
Whitney Bank & Trust--4342 Hamden, Connecticut
Dated: January 14, 1998.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 98-1345 Filed 1-20-98; 8:45 am]
BILLING CODE 6714-01-P
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