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Failed Bank Information
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- Introduction
- Press Release
- Acquiring Financial Institution
- Question and Answer Guide
- Banking Services
- Loan Customers
- Possible Claims Against the Failed Institution
- Priority of Claims
- Dividend Information
- Brokered Deposits
- Purchase and Assumption Agreement (863.24
KB PDF File - PDF Help)
- Bid Summary
- First National Bank Contact
Information
-
Balance Sheet Summary
Please be advised you will not receive any email notification to claim/unlock/unsuspend your account or to provide any private information. Please be aware of any Phishing Scams to obtain information from you.
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On Friday, June 4, 2010, First National Bank, Rosedale, MS was
closed by the Office of the Comptroller of the Currency, and
the Federal Deposit Insurance Corporation (FDIC)
was named Receiver. No advance notice is given to the
public when a financial institution is closed.
The FDIC has assembled useful information regarding your relationship with
this institution. Besides a checking
account, you may have Certificates of Deposit, a car loan, a business checking
account, a commercial loan, a Social Security direct deposit, and other
relationships with the institution. The FDIC has compiled the following information,
which should answer many of your questions. |
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The FDIC has issued a press release
(PR-130-2010) about
the institution's closure. If you represent a media outlet and would
like information about the closure, please contact David
Barr at 1-202-898-6992.
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All deposit accounts, including brokered deposits, have
been transferred to The Jefferson Bank, Fayette, MS ("assuming institution")
and will be available immediately. The former First National Bank
location will reopen as a branch of The Jefferson Bank during regular business
hours.
Your transferred deposits will be separately insured from any accounts
you may already have at The Jefferson Bank for six
months after the failure of First National Bank. Checks
that were drawn on First National Bank that did not
clear before the institution closed will be honored as long as there are
sufficient funds in the account. If you have questions about your account(s) transferred to the assuming bank,
you may speak to an FDIC representative by calling 1-800-331-6306.
For general questions about FDIC deposit insurance coverage, please call 1-877-275-3342 or visit EDIE, the FDIC's Electronic Deposit Insurance Estimator.
EDIE
- FDIC's Electronic Deposit Insurance Estimator
You may withdraw your funds from any transferred
account without an early withdrawal penalty until you enter into a new deposit
agreement with The Jefferson Bank as long as
the deposits are not pledged as collateral for loans. You may view more
information about The Jefferson Bank by visiting their web site.
The Jefferson Bank (www.thejeffersonbank.com)
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The Automated Teller Machines (ATM) will remain available.
The bank will maintain its regular business hours, and you may continue
to use the services to which you previously had access, such as safe deposit
boxes, night deposit boxes, wire services, etc.
Your checks will be processed as usual. All outstanding checks
will be paid against your available balance(s) as if no change
had occurred. Your new bank will
contact you soon regarding any changes in the terms of your account. If
you have a problem with a merchant refusing to accept your check, please
contact your branch
office. An account representative will
clear up any confusion about the validity of your checks.
All interest accrued through Friday, June 4,
2010 will be paid at your same rate. The Jefferson Bank will
be reviewing rates. You
will be notified of any changes.
Your direct deposits and automatic withdrawals will be transferred to
your new bank.
If
you have any questions or special requests, you may contact a representative
of your assuming institution at your
branch office. |
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If you had a loan with First National Bank, you should
continue to make your payments as usual. The
terms of your loan will not change, because they are contractually agreed to
in your promissory note. Checks should be made payable as usual and sent to the
same address until further notice. If you have further questions regarding an
existing loan, please contact
your loan officer.
For all questions regarding new loans and the lending policies of The Jefferson Bank, please contact your branch office.
Please see A Borrower’s Guide to an FDIC Insured Bank Failure for additional information.
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Claims against failed financial institutions occur when bills sent to the
institution remain unpaid at the time of failure. If you or your company provided
a service or product, leased space, furniture,
or equipment to First National Bank after
Friday, June 4, 2010 and have
not been paid, you do not have
a claim against First National Bank. Please follow
your normal billing procedures by providing an invoice as instructed.
If you or your company provided a service
or product, leased space, furniture, or equipment to First National Bank prior
to Friday, June 4, 2010 and have
not
been
paid, you may be
entitled to a claim against the bank. If you provided a product to or a service
for First National Bank prior to the bank's failure
for
which you have not
been
paid
and you have not received communication, please
contact:
FDIC as
Receiver for First National Bank
8800 Baymeadows Way West
Jacksonville, FL 32256
Attention: Claims Agent
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Please note: There are time limits
for filing a claim, your claim must be filed on or before 9/8/2010.
All shares of First National Bank were owned by its holding company, Rosedale
First National Corporation, Rosedale, MS. The holding company was not included
in the closing of the bank or the resulting receivership. If you are
a shareholder of Rosedale First National Corporation, please do not contact
or file a claim with the Receiver. You may contact Rosedale First National
Corporation directly for information as follows:
Rosedale First National Corporation
600 Main Street
Rosedale, MS 38769
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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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Dividend Information on Failed Financial Institutions |
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The FDIC offers a reference guide to deposit brokers acting as agents for their investor clientele. This site
outlines the FDIC's policies and procedures that must be followed by deposit brokers when filing for pass-through insurance
coverage on custodial accounts deposited in a failed FDIC Insured Institution.
Deposit Broker's Processing
Guide |
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General Disclaimer
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