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Failed Bank Information
Information for The Oakwood Deposit Bank Company, Oakwood, OH
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- Introduction
- Press Release
- Acquiring Financial Institution
- Priority of Claims
- Dividend Information
- Receivership Termination
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| I. Introduction |
On February 1, 2002, The Oakwood Deposit Bank Company, Oakwood, OH was closed by the Superintendent of Financial Institutions for the State of Ohio. 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, as 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 has 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 The State Bank & Trust Company, Defiance, OH and were available as usual during regular business hours at the former Meridian Bank branches.
You may contact The State Bank and Trust Company at :
The State Bank and Trust Company
401 Clinton Street
Defiance,OH 43512
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| IV. Priority of Claims |
In accordance with Federal law, allowed claims
will be paid, after administrative expenses, in the following order of priority:
- Depositors
- General Unsecured Creditors
- Subordinated Debt
- Stockholders
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| V. Dividend Information
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Dividend
Information on Failed Financial Institutions |
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| VI. Receivership Termination |
The FDIC as Receiver for The Oakwood Deposit Bank Company has taken all actions necessary to terminate the Receivership Estate.
The Receiver published a legal notice of intent to terminate the receivership in Meridian Bank on September 16, 2011.
The Receiver has made all dividend distributions required by law.
Effective May 07, 2012, the Receivership Estate has been terminated, the Receiver was discharged and the Receivership Estate ceased existence as a legal entity |
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| General Disclaimer |
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