Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership, 73031 [2012-29615]

Download as PDF Federal Register / Vol. 77, No. 236 / Friday, December 7, 2012 / Notices through www.regulations.gov, your email address is automatically captured and included as part of the comment that is placed in the official public docket, and made available in EPA’s electronic public docket. Dated: November 29, 2012. Lorie J. Schmidt, Associate General Counsel. [FR Doc. 2012–29687 Filed 12–6–12; 8:45 am] BILLING CODE 6560–50–P FEDERAL DEPOSIT INSURANCE CORPORATION Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership Federal Deposit Insurance Corporation (FDIC). ACTION: Notice; correction. AGENCY: The FDIC has determined that insufficient assets exist in the receivership of Darby Bank and Trust Co., Vidalia, Georgia, to make any distribution on general unsecured claims, and therefore such claims will recover nothing and have no value. DATES: The FDIC made its determination on November 19, 2012. FOR FURTHER INFORMATION CONTACT: If you have questions regarding this notice, you may contact an FDIC Claims Agent at (904) 256–3925. Written correspondence may also be mailed to FDIC as Receiver of Darby Bank and Trust Co., Attention: Claims Agent, 8800 Baymeadows Way West, Jacksonville, FL 32256. SUPPLEMENTARY INFORMATION: On November 12, 2010, Darby Bank and Trust Co., Vidalia, Georgia, (FIN #10312) was closed by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (‘‘FDIC’’) was appointed as its receiver (‘‘Receiver’’). In complying with its statutory duty to resolve the institution in the method that is least costly to the deposit insurance fund (see 12 U.S.C. 1823(c)(4)), the FDIC facilitated a transaction with Ameris Bank, Moultrie, Georgia, to acquire all of the deposits and most of the assets of the failed institution. Section 11(d)(11)(A) of the FDI Act, 12 U.S.C. 1821(d)(11)(A), sets forth the order of priority for distribution of amounts realized from the liquidation or other resolution of an insured depository institution to pay claims. Under the statutory order of priority, administrative expenses and deposit liabilities must be paid in full before any distribution may be made to general tkelley on DSK3SPTVN1PROD with SUMMARY: VerDate Mar<15>2010 18:05 Dec 06, 2012 Jkt 229001 unsecured creditors or any lower priority claims. As of September 30, 2012, the maximum value of assets that could be available for distribution by the Receiver, together with maximum possible recoveries on professional liability claims against directors, officers, and other professionals, as well as potential tax refunds, was $125,488,526. As of the same date, administrative expenses and depositor liabilities equaled $173,303,177, exceeding available assets and potential recoveries by at least $47,814,651. Accordingly, the FDIC has determined that insufficient assets exist to make any distribution on general unsecured creditor claims (and any lower priority claims) and therefore all such claims, asserted or unasserted, will recover nothing and have no value. On November 27, 2011, the FDIC published a notice in the Federal Register (77 FR 70779), incorrectly reciting that the date of determination was November 11, 2012. This correction recites the actual date of determination. Dated: November 28, 2012. Valerie J. Best, Assistant Executive Secretary. [FR Doc. 2012–29615 Filed 12–6–12; 8:45 am] BILLING CODE 6714–01–P FEDERAL MARITIME COMMISSION Sunshine Act Meeting AGENCY HOLDING THE MEETING: Federal Maritime Commission. TIME AND DATE: December 12, 2012— 10:00 a.m. 800 North Capitol Street NW., First Floor Hearing Room, Washington, DC. PLACE: The meeting will be held in Open Session. STATUS: Matters To Be Considered 1. Discussion of Licensing, Financial Responsibility Requirements, and General Duties for Ocean Transportation Intermediaries. 2. Staff Briefing and Discussion on Use of Alternative Dispute Resolution in Enforcement Proceedings. 3. Docket No. 11–22: Non-VesselOperating Common Carrier Negotiated Rate Arrangements; Tariff Filing Exemption. PO 00000 Frm 00024 Fmt 4703 Sfmt 9990 73031 CONTACT PERSON FOR MORE INFORMATION: Karen V. Gregory, Secretary, (202) 523– 5725. Rachel E. Dickon, Assistant Secretary. [FR Doc. 2012–29747 Filed 12–5–12; 4:15 pm] BILLING CODE 6730–01–P FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank indicated for that notice or to the offices of the Board of Governors. Comments must be received not later than December 24, 2012. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. The Guttau Family consisting of Michael K. Guttau, Judith Ann Guttau, and the Heidi Guttau-Fox and Joshua Guttau Irrevocable Living Trust, Treynor, Iowa, Heidi Ann Guttau-Fox, Minden, Iowa, and Joshua Michael Guttau, Treynor, Iowa, as Trustees, as group acting in concert, to retain voting shares of Treynor Bancshares, Inc., and thereby indirectly retain voting shares of Treynor State Bank, both in Treynor, Iowa. Board of Governors of the Federal Reserve System, December 4, 2012. Margaret McCloskey Shanks, Deputy Secretary of the Board. [FR Doc. 2012–29606 Filed 12–6–12; 8:45 am] BILLING CODE 6210–01–P E:\FR\FM\07DEN1.SGM 07DEN1

Agencies

[Federal Register Volume 77, Number 236 (Friday, December 7, 2012)]
[Notices]
[Page 73031]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-29615]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Determination of Insufficient Assets To Satisfy Claims Against 
Financial Institution in Receivership

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice; correction.

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SUMMARY: The FDIC has determined that insufficient assets exist in the 
receivership of Darby Bank and Trust Co., Vidalia, Georgia, to make any 
distribution on general unsecured claims, and therefore such claims 
will recover nothing and have no value.

DATES: The FDIC made its determination on November 19, 2012.

FOR FURTHER INFORMATION CONTACT: If you have questions regarding this 
notice, you may contact an FDIC Claims Agent at (904) 256-3925. Written 
correspondence may also be mailed to FDIC as Receiver of Darby Bank and 
Trust Co., Attention: Claims Agent, 8800 Baymeadows Way West, 
Jacksonville, FL 32256.

SUPPLEMENTARY INFORMATION: On November 12, 2010, Darby Bank and Trust 
Co., Vidalia, Georgia, (FIN 10312) was closed by the Georgia 
Department of Banking and Finance, and the Federal Deposit Insurance 
Corporation (``FDIC'') was appointed as its receiver (``Receiver''). In 
complying with its statutory duty to resolve the institution in the 
method that is least costly to the deposit insurance fund (see 12 
U.S.C. 1823(c)(4)), the FDIC facilitated a transaction with Ameris 
Bank, Moultrie, Georgia, to acquire all of the deposits and most of the 
assets of the failed institution.
    Section 11(d)(11)(A) of the FDI Act, 12 U.S.C. 1821(d)(11)(A), sets 
forth the order of priority for distribution of amounts realized from 
the liquidation or other resolution of an insured depository 
institution to pay claims. Under the statutory order of priority, 
administrative expenses and deposit liabilities must be paid in full 
before any distribution may be made to general unsecured creditors or 
any lower priority claims.
    As of September 30, 2012, the maximum value of assets that could be 
available for distribution by the Receiver, together with maximum 
possible recoveries on professional liability claims against directors, 
officers, and other professionals, as well as potential tax refunds, 
was $125,488,526. As of the same date, administrative expenses and 
depositor liabilities equaled $173,303,177, exceeding available assets 
and potential recoveries by at least $47,814,651. Accordingly, the FDIC 
has determined that insufficient assets exist to make any distribution 
on general unsecured creditor claims (and any lower priority claims) 
and therefore all such claims, asserted or unasserted, will recover 
nothing and have no value.
    On November 27, 2011, the FDIC published a notice in the Federal 
Register (77 FR 70779), incorrectly reciting that the date of 
determination was November 11, 2012. This correction recites the actual 
date of determination.

    Dated: November 28, 2012.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2012-29615 Filed 12-6-12; 8:45 am]
BILLING CODE 6714-01-P
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