83 FR 50370 - Notice of Termination of Receiverships
FEDERAL DEPOSIT INSURANCE CORPORATION Federal Register Volume 83, Issue 194 (October 5, 2018)
Federal Register Volume 83, Issue 194 (October 5, 2018)
| Page Range | 50370-50371 | |
| FR Document | 2018-21675 |
[Federal Register Volume 83, Number 194 (Friday, October 5, 2018)] [Notices] [Pages 50370-50371] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-21675] ----------------------------------------------------------------------- FEDERAL DEPOSIT INSURANCE CORPORATION Notice of Termination of Receiverships The Federal Deposit Insurance Corporation (FDIC or Receiver), as Receiver for each of the following insured depository institutions, was charged with the duty of winding up the affairs of the former institutions and liquidating all related assets. The Receiver has fulfilled its obligations and made all dividend distributions required by law. [[Page 50371]] Notice of Termination of Receiverships ---------------------------------------------------------------------------------------------------------------- Termination Fund Receivership name City State date ---------------------------------------------------------------------------------------------------------------- 10165..................... Peoples First Community Panama City........... FL 10/1/2018 Bank. 10401..................... Blue Ridge Savings Bank, Asheville............. NC 10/1/2018 Inc. 10459..................... First United Bank.......... Crete................. IL 10/1/2018 ---------------------------------------------------------------------------------------------------------------- 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 on the termination dates listed above, the Receiverships have been terminated, the Receiver has been discharged, and the Receiverships have ceased to exist as legal entities. Dated at Washington, DC, on October 1, 2018. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2018-21675 Filed 10-4-18; 8:45 am] BILLING CODE 6714-01-P
![50370 Federal Register / Vol. 83, No. 194 / Friday, October 5, 2018 / Notices
Industry Data, Educational Materials, individual depositors and consumers, information on how the FDIC markets
and Outreach consumer groups, and other members of assets and how interested parties can
• Quarterly Banking Profile the financial services industry. Please be bid on assets offered for sale, as well as
• Studies (e.g., FDIC Community as specific as possible to allow the FDIC asset purchaser workshops marketed
Banking Study) to evaluate comments more effectively. extensively to minority- and women-
• White Papers In addition to general feedback on the owned investors and companies
• Surveys (e.g., National Survey of FDIC’s communication, transparency, interested in learning about the process
Unbanked and Underbanked and related initiatives described above, for failed bank asset sales. Are there
Households) the FDIC also requests input on the additional ways that the FDIC should
• FDIC Videos, Webcasts, Webinars following more specific topics and consider communicating with
• Roundtables questions related to the FDIC’s institutions interested in acquiring
• Industry Conferences communication and transparency: failed institutions and assets?
• Advisory Committee Meetings Efficiency Content
• Community Outreach Program/
Listening Tours 1. How effective are the FDIC’s 1. Which types of communication are
• Industry Conference Calls current forms of communication, best suited for informing IDIs about new
• Supervisory Insights including those listed above? Which policy initiatives, new laws and
• FDIC Brochures methods are the most effective? Which regulations, new guidance, new
• Community Bank Resource Kit are the least effective? Are there other background or educational materials,
methods of communication the FDIC news and other updates?
General Communication should consider? 2. The FDIC is looking at ways to
• FDIC.gov website 3 2. Is it clear to IDIs which improve the process for disseminating
• Social Media (e.g., Twitter, Facebook, communication is supervisory in nature information through FILs. The FDIC
LinkedIn, YouTube) and which is purely informational? staff has reviewed all outstanding FILs
• Email subscriptions 3. Is the FDIC communicating through issued between 1995 and 2017 to
• RSS Feeds too many different forms and channels? determine which ones should be
Is the FDIC communicating too much archived, which should be preserved,
Direct Communication information? Should some forms and and whether any could be combined
• Hotlines (e.g., 1–877–ASK–FDIC) channels of communication be with others to streamline the
• Assistance forms (e.g., Business eliminated? information provided to the industry.
Assistance Form, Deposit Insurance 4. How can the FDIC better streamline The removal of certain outdated FILs
Form, Interagency Appraisal and organize its communication with will reduce the amount of information
Complaint Form, Potential Franchise IDIs in order to distribute important supervised institutions need to review
Bidder Contact Form) information more efficiently? and make it easier to update and
• Email Boxes (e.g., webmaster@ 5. How appropriate is the timing and streamline documents that
fdic.gov, assessments@fdic.gov, frequency of communication? communicate supervisory expectations
supervision@fdic.gov, to the industry going forward. Should
Ease of Access FILs be organized chronologically, by
FDICInquiriesandComp@fdic.gov)
• FDICconnect: The FDIC 1. Is FDIC information readily topic, by applicable regulation, or by
communicates directly with banks available and easy to find? If not, how institution size? Are FILs preferable to
through FDICconnect, the secure can the FDIC make it easier to receive other forms of communication? Should
internet channel for FDIC-insured and find information? the FDIC distinguish FILs that
institutions to conduct business and 2. How can the FDIC improve the communicate regulations and policy
exchange information with the FDIC. FDIC.gov website? Does the website from FILs that may be merely
• Reports of Examination search function provide helpful and informational?
• Letters relevant results? What aspects of the Dated at Washington, DC, on October 1,
• Emails FDIC.gov website are most helpful? 2018.
• Telephone calls 3. Are there other forms of technology Federal Deposit Insurance Corporation.
• In-Person Meetings the FDIC should use to communicate
Robert E. Feldman,
• Compliance Reviews with IDIs?
Executive Secretary.
• Assessment Quarterly Certified 4. What is the most effective way for
the FDIC to organize or flag [FR Doc. 2018–21704 Filed 10–4–18; 8:45 am]
Statement Invoice packet
communications that are relevant to BILLING CODE 6714–01–P
Suggested Topics for Commenters community banks?
To reduce burden for institutions and 5. The FDIC provides an opportunity
others seeking information, both in for institutions and their consumer FEDERAL DEPOSIT INSURANCE
terms of expending fewer resources to compliance personnel to opt in to CORPORATION
find relevant information and receive email alerts when the FDIC’s Notice of Termination of Receiverships
decreasing the amount of information Compliance Examination Manual (CEM)
that needs to be reviewed, the FDIC is is updated or revised. Are there The Federal Deposit Insurance
seeking input on how best to streamline additional ways that the FDIC should Corporation (FDIC or Receiver), as
and improve communication with the consider communicating about CEM Receiver for each of the following
daltland on DSKBBV9HB2PROD with NOTICES
industry. The FDIC encourages updates and revisions? Are there other insured depository institutions, was
comments from all interested members areas or contexts where email alerts charged with the duty of winding up the
of the public, including but not limited from the FDIC would be helpful? affairs of the former institutions and
to insured depository institutions, other 6. The FDIC engages in a variety of liquidating all related assets. The
financial institutions or companies, initiatives with institutions interested in Receiver has fulfilled its obligations and
acquiring failed institutions and assets, made all dividend distributions
3 https://www.fdic.gov. including outreach events that provide required by law.
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![Federal Register / Vol. 83, No. 194 / Friday, October 5, 2018 / Notices 50371
NOTICE OF TERMINATION OF RECEIVERSHIPS
Termination
Fund Receivership name City State date
10165 ............. Peoples First Community Bank ....................................................... Panama City ............................... FL 10/1/2018
10401 ............. Blue Ridge Savings Bank, Inc ........................................................ Asheville ..................................... NC 10/1/2018
10459 ............. First United Bank ............................................................................. Crete ........................................... IL 10/1/2018
The Receiver has further irrevocably Receiver has been discharged, and the FEDERAL DEPOSIT INSURANCE
authorized and appointed FDIC- Receiverships have ceased to exist as CORPORATION
Corporate as its attorney-in-fact to legal entities.
execute and file any and all documents Notice to All Interested Parties of
Dated at Washington, DC, on October 1,
that may be required to be executed by 2018.
Intent To Terminate Receivership
the Receiver which FDIC-Corporate, in
its sole discretion, deems necessary, Federal Deposit Insurance Corporation. Notice is hereby given that the
including but not limited to releases, Robert E. Feldman, Federal Deposit Insurance Corporation
discharges, satisfactions, endorsements, Executive Secretary. (FDIC or Receiver) as Receiver for the
assignments, and deeds. Effective on the [FR Doc. 2018–21675 Filed 10–4–18; 8:45 am] institution listed below intends to
termination dates listed above, the BILLING CODE 6714–01–P terminate its receivership for said
Receiverships have been terminated, the institution.
NOTICE OF INTENT TO TERMINATE RECEIVERSHIP
Date of
Fund Receivership name City State appointment
of receiver
10451 ................ Georgia Trust Bank ....................................................................... Buford ........................................ GA 07/20/2012
The liquidation of the assets for the FEDERAL RESERVE SYSTEM will be conducted throughout the
receivership has been completed. To the United States.
extent permitted by available funds and Formations of, Acquisitions by, and Unless otherwise noted, comments
in accordance with law, the Receiver Mergers of Savings and Loan Holding regarding each of these applications
will be making a final dividend Companies must be received at the Reserve Bank
payment to proven creditors. indicated or the offices of the Board of
The companies listed in this notice
Based upon the foregoing, the Governors not later than November 5,
have applied to the Board for approval,
Receiver has determined that the 2018.
pursuant to the Home Owners’ Loan Act A. Federal Reserve Bank of Richmond
continued existence of the receivership (12 U.S.C. 1461 et seq.) (HOLA), (Adam M. Drimer, Assistant Vice
will serve no useful purpose. Regulation LL (12 CFR part 238), and President) 701 East Byrd Street,
Consequently, notice is given that the Regulation MM (12 CFR part 239), and Richmond, Virginia 23219. Comments
receivership shall be terminated, to be all other applicable statutes and can also be sent electronically to or
effective no sooner than thirty days after regulations to become a savings and Comments.applications@rich.frb.org.
the date of this notice. If any person loan holding company and/or to acquire 1. Bay-Vanguard, MHC and BV
wishes to comment concerning the the assets or the ownership of, control Financial, Inc., both of Sparrows Point,
termination of the receivership, such of, or the power to vote shares of a Maryland; to acquire voting shares of
comment must be made in writing, savings association and nonbanking Kopernik Bank, Baltimore, Maryland.
identify the receivership to which the companies owned by the savings and
comment pertains, and sent within Board of Governors of the Federal Reserve
loan holding company, including the
System, October 2, 2018.
thirty days of the date of this notice to: companies listed below.
Federal Deposit Insurance Corporation, The applications listed below, as well Yao-Chin Chao,
Division of Resolutions and as other related filings required by the Assistant Secretary of the Board.
Receiverships, Attention: Receivership Board, are available for immediate [FR Doc. 2018–21712 Filed 10–4–18; 8:45 am]
Oversight Department 34.6, 1601 Bryan inspection at the Federal Reserve Bank BILLING CODE P
Street, Dallas, TX 75201. indicated. The application also will be
No comments concerning the available for inspection at the offices of
the Board of Governors. Interested FEDERAL RESERVE SYSTEM
termination of this receivership will be
considered which are not sent within persons may express their views in
Notice of Proposals To Engage in or
this time frame. writing on the standards enumerated in
To Acquire Companies Engaged in
the HOLA (12 U.S.C. 1467a(e)). If the
daltland on DSKBBV9HB2PROD with NOTICES
Dated at Washington, DC, on October 1, Permissible Nonbanking Activities
proposal also involves the acquisition of
2018.
a nonbanking company, the review also The companies listed in this notice
Federal Deposit Insurance Corporation. includes whether the acquisition of the have given notice under section 4 of the
Robert E. Feldman, nonbanking company complies with the Bank Holding Company Act (12 U.S.C.
Executive Secretary. standards in section 10(c)(4)(B) of the 1843) (BHC Act) and Regulation Y, (12
[FR Doc. 2018–21676 Filed 10–4–18; 8:45 am] HOLA (12 U.S.C. 1467a(c)(4)(B)). Unless CFR part 225) to engage de novo, or to
BILLING CODE 6714–01–P otherwise noted, nonbanking activities acquire or control voting securities or
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Document Created: 2018-10-05 01:52:30
Document Modified: 2018-10-05 01:52:30
| 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 | |
| FR Citation | 83 FR 50370 |
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