81 FR 36306 - Notice of Termination; 10287, Bank of Ellijay, Ellijay, Georgia

FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 81, Issue 108 (June 6, 2016)

Page Range		36306-36306
FR Document		2016-13242

Federal Register, Volume 81 Issue 108 (Monday, June 6, 2016)

[Federal Register Volume 81, Number 108 (Monday, June 6, 2016)]
[Notices]
[Page 36306]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-13242]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Notice of Termination; 10287, Bank of Ellijay, Ellijay, Georgia

    The Federal Deposit Insurance Corporation (FDIC), as Receiver for 
10287, Bank of Ellijay, Ellijay, Georgia (Receiver) has been authorized 
to take all actions necessary to terminate the receivership estate of 
Bank of Ellijay (Receivership Estate); The Receiver has made all 
dividend distributions required by law.
    The Receiver has further irrevocably authorized and appointed FDIC-
Corporate as its attorney-in-fact to execute and file any and all 
documents that may be required to be executed by the Receiver which 
FDIC-Corporate, in its sole discretion, deems necessary; including but 
not limited to releases, discharges, satisfactions, endorsements, 
assignments and deeds. Effective June 01, 2016 the Receivership Estate 
has been terminated, the Receiver discharged, and the Receivership 
Estate has ceased to exist as a legal entity.

    Date: June 1, 2016.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-13242 Filed 6-3-16; 8:45 am]
 BILLING CODE 6714-01-P

36306 Federal Register / Vol. 81, No. 108 / Monday, June 6, 2016 / Notices

General Description: Among other necessary for the proper performance of FEDERAL DEPOSIT INSURANCE
things, the Federal Deposit Insurance the FDIC’s functions, including whether CORPORATION
Act (FDIA) sets forth the duties and the information has practical utility; (b)
responsibilities of the FDIC in providing the accuracy of the estimates of the Notice to All Interested Parties of the
for and maintaining a system of deposit burden of the information collection, Termination of the Receivership of
insurance for the nation’s insured including the validity of the 10159, Valley Capital Bank, Mesa,
depository institutions and in resolving methodology and assumptions used; (c) Arizona
troubled insured depository institutions ways to enhance the quality, utility, and Notice is hereby given that the Federal
in a manner that presents the least cost clarity of the information to be Deposit Insurance Corporation (‘‘FDIC’’)
to the Deposit Insurance Fund. Section as Receiver for Valley Capital Bank,
collected; and (d) ways to minimize the
6 of the FDIA sets forth a number of Mesa, Arizona (‘‘the Receiver’’) intends
burden of the information collection on
factors to be considered before an to terminate its receivership for said
institution is permitted by the FDIC to respondents, including through the use
of automated collection techniques or institution. The FDIC was appointed
obtain federal deposit insurance. Among receiver of Valley Capital Bank on
these factors are the financial history of other forms of information technology.
All comments will become a matter of December 11, 2009. The liquidation of
the institution; the adequacy of the the receivership assets has been
institution’s capital structure; the public record.
completed. To the extent permitted by
further earnings prospects; the Dated at Washington, DC, this 1st day of available funds and in accordance with
convenience and needs of the June, 2016. law, the Receiver will be making a final
community; the institution’s corporate Federal Deposit Insurance Corporation. dividend payment to proven creditors.
powers, and, not insignificantly, the risk Based upon the foregoing, the
Robert E. Feldman,
presented to the Deposit Insurance Receiver has determined that the
Fund. (Similarly, provisions of the Executive Secretary.
[FR Doc. 2016–13235 Filed 6–3–16; 8:45 am]
continued existence of the receivership
Change in Bank Control Act, found in will serve no useful purpose.
section 7 of the FDIA, permit the FDIC— BILLING CODE 6714–01–P
Consequently, notice is given that the
or another appropriate federal banking
receivership shall be terminated, to be
agency—to refuse to permit a proposed
effective no sooner than thirty days after
change in bank control if the proposed FEDERAL DEPOSIT INSURANCE
the date of this Notice. If any person
transaction would result in an adverse CORPORATION
wishes to comment concerning the
effect on the Deposit Insurance Fund.)
Notice of Termination; 10287, Bank of termination of the receivership, such
Section 8 of the FDIA authorizes the
Ellijay, Ellijay, Georgia comment must be made in writing and
FDIC to assess the safety and soundness
sent within thirty days of the date of
of the practices, operations, and
The Federal Deposit Insurance this Notice to: Federal Deposit
conditions of insured depository
Corporation (FDIC), as Receiver for Insurance Corporation, Division of
institutions, and permits the FDIC to
terminate deposit insurance or to take 10287, Bank of Ellijay, Ellijay, Georgia Resolutions and Receiverships,
other appropriate actions if the Attention: Receivership Oversight
(Receiver) has been authorized to take
institution operates in an unsafe and Department 34.6, 1601 Bryan Street,
all actions necessary to terminate the
unsound manner. Finally, section 13 of Dallas, TX 75201.
receivership estate of Bank of Ellijay No comments concerning the
the FDIA authorizes the FDIC to resolve (Receivership Estate); The Receiver has termination of this receivership will be
troubled insured depository institutions made all dividend distributions considered which are not sent within
and to dispose of the assets of such required by law. this time frame.
institutions using the method that is
least costly to the Deposit Insurance The Receiver has further irrevocably Dated: June 1, 2016.
Fund, maximizes the return from the authorized and appointed FDIC- Federal Deposit Insurance Corporation.
sale of such assets, and minimizes any Corporate as its attorney-in-fact to Robert E. Feldman,
loss to the Deposit Insurance Fund. execute and file any and all documents Executive Secretary.
The FDIC’s policy statement on that may be required to be executed by [FR Doc. 2016–13234 Filed 6–3–16; 8:45 am]
Qualifications for Failed Bank the Receiver which FDIC-Corporate, in BILLING CODE 6714–01–P
Acquisitions provides guidance to its sole discretion, deems necessary;
private capital investors interested in including but not limited to releases,
acquiring or investing in failed insured discharges, satisfactions, endorsements, FEDERAL RESERVE SYSTEM
depository institutions regarding the assignments and deeds. Effective June
terms and conditions for such 01, 2016 the Receivership Estate has Formations of, Acquisitions by, and
investments or acquisitions. The been terminated, the Receiver Mergers of Savings and Loan Holding
information collected pursuant to the discharged, and the Receivership Estate Companies
policy statement allows the FDIC to has ceased to exist as a legal entity.
evaluate, among other things, whether The companies listed in this notice
such investors (and their related Date: June 1, 2016. have applied to the Board for approval,
interests) could negatively impact the Federal Deposit Insurance Corporation. pursuant to the Home Owners’ Loan Act
Deposit Insurance Fund, increase Robert E. Feldman, (12 U.S.C. 1461 et seq.) (HOLA),
Regulation LL (12 CFR part 238), and
sradovich on DSK3TPTVN1PROD with NOTICES

resolution costs, or operate in a manner Executive Secretary.
that conflict with statutory safety and Regulation MM (12 CFR part 239), and
[FR Doc. 2016–13242 Filed 6–3–16; 8:45 am]
soundness principles and compliance all other applicable statutes and
BILLING CODE 6714–01–P regulations to become a savings and
requirements.
loan holding company and/or to acquire
Request for Comment the assets or the ownership of, control
Comments are invited on: (a) Whether of, or the power to vote shares of a
the collection of information is savings association and nonbanking

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Document Created: 2016-06-04 00:16:39
Document Modified: 2016-06-04 00:16:39

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Dates		June 1, 2016.
FR Citation		81 FR 36306