FDIC Press Release Century Bank

Has Federal Deposit Insurance Corporation (FDIC) as receiver published latest press news in century bank.
Also give me contact information for that.

[Pathak]

The FDIC issued a press release about the institution's closure.

For the details about the press release you may visit the link given below.

fdic.gov/news/news/press/2010/pr10087.html


if you have any query then you may contact here :

Media Contact:
Greg Hernandez (202) 898-6984
Cell: (202) 340-4922
Email: ghernandez@fdic.gov

Hi I want the details regarding Press Release of Century Bank of the Federal Deposit Insurance Corporation (FDIC)?

[Arun Vats]

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation operating as an independent agency created by the Banking Act of 1933. It was established on June 16, 1933. Its head quarter is located in Washington, D.C.

FDIC Century Bank

New Century Bank, Shelby Township, MI was closed on March 28, 2002 by the Michigan Commissioner of the Office of Financial and Insurance Services, and the Federal Deposit Insurance Corporation (FDIC).

The FDIC is charged with winding up the business affairs of the failed financial institution.

This includes the disposition of assets and liabilities and payment of dividends to approved creditors in order of priority.

Press Release

The FDIC issued a press release about the institution's closure.

If you want the information about the closure, please contact the FDIC Public Affairs Office at (202) 898-6993.

Priority of Claims

The dividend process is complete.

In accordance with Federal law, the following order of priority:

Depositors
General Unsecured Creditors
Subordinated Debt
Stockholders

For more details here is the attachment.

Contact details

Federal Deposit Insurance Corporation
550 17th Street Northwest, Washington,
DC, United States ‎
+1 877-275-3342

Map location

[MAP]Federal Deposit Insurance Corporation[/MAP]