On January 30, 2009, Ocala National Bank, Ocala, FL was
closed by the Office of the Comptroller of the Currency (OCC) 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.
The FDIC has issued a press release
(PR-014-2009) about
the institution's closure. If you represent a media outlet and would
like information about the closure, please contact
LaJuan Williams-Young at 202-898-3876.
All non-brokered deposit accounts have been transferred to
CenterState Bank of Florida, National Association, Winter Haven, FL ("assuming
institution")
and will be available immediately. On Monday, February 2,
the former Ocala National Bank locations will reopen as branches of
CenterState Bank of Florida.
Your transferred deposits will be separately insured from any accounts
you may already have at CenterState Bank of Florida for six
months after the failure of Ocala National Bank. Checks
that were drawn on Ocala 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 regarding deposit insurance by calling: 1-800-930-5170.
For general questions about FDIC deposit insurance coverage, please call 1-877-275-3342 or visit EDIE, the 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 CenterState Bank of Florida as long as
the deposits are not pledged as collateral for loans. You may view more
information about CenterState Bank of Florida by visiting their web site.
The Automated Teller Machines (ATM) will remain available. Online services will resume on Saturday, January 31.
As of Monday, February 2,
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, January 30, 2009, will
be paid at your same rate. CenterState Bank of Florida will
be reviewing rates and will provide further information soon. You
will be notified of any changes.
Your automatic direct deposit(s) and/or automatic withdrawal(s) will be
transferred automatically 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.
If you had a loan with Ocala National Bank, you should
continue to make your payments as usual. The terms of your loan will not change
under the terms of the loan contract, because they are contractually agreed to
in your promissory note with the failed institution. 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
CenterState Bank of Florida, please contact your branch office.
If you or your company provided a service or product, leased space, furniture, or equipment to
Ocala National Bank after Friday January 30, 2009 and have not been paid you do not have a claim against
Ocala National Bank. Please follow your normal billing procedures by providing an invoice as instructed.
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 Ocala National Bank
prior to Friday January 30, 2009 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
Ocala National Bank prior to the bank's failure for which you have not been
paid and you have not received communication,
contact:
Federal Deposit Insurance Corporation Receiver:
Ocala National Bank
1601 Bryan Street
Dallas, TX 75201
Please note: There are time limits for filing a claim,
your claim must be filed on or before 05/06/2009.
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.