Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership, 23565 [2013-09229]

Download as PDF Federal Register / Vol. 78, No. 76 / Friday, April 19, 2013 / Notices accommodations for people with disabilities are available upon request. In your request, include a description of the accommodation you will need and a way we can contact you if we need more information. Last minute requests will be accepted, but may be impossible to fill. Send an email to: fcc504@fcc.gov or call the Consumer and Governmental Affairs Bureau at (202) 418–0530 (voice), (202) 418–0432 (TTY). To request materials in accessible formats for people with disabilities (Braille, large print, electronic files, audio format), send an email to fcc504@fcc.gov or call the Consumer and Governmental Affairs Bureau at (202) 418–0530 (voice), (202) 418–0432 (TTY). Federal Communications Commission. Karen Peltz Strauss, Deputy Chief, Consumer and Governmental Affairs Bureau. [FR Doc. 2013–09268 Filed 4–18–13; 8:45 am] BILLING CODE 6712–01–P FEDERAL COMMUNICATIONS COMMISSION Radio Broadcasting Services; AM or FM Proposals To Change the Community of License. Federal Communications Commission. ACTION: Notice. AGENCY: The following applicants filed AM or FM proposals to change the community of license: CALVARY CHAPEL OF CASA GRANDE, Station KVNG, Facility ID 175820, BMPED– 20130312ABR, From CHUICHU, AZ, To ELOY, AZ; CALVARY CHAPEL OF TWIN FALLS, INC., Station KGSF, Facility ID 92987, BPED–20130318AFZ, From GREEN FOREST, AR, To HUNTSVILLE, AR; CARROLL COUNTY BROADCASTING, INC., Station KAKS, Facility ID 69858, BPH–20130318AGJ, From HUNTSVILLE, AR, To GOSHEN, AR; CARROLL COUNTY BROADCASTING, INC., Station KTHS, Facility ID 35668, BP–20130318AGK, From BERRYVILLE, AR, To GREEN FOREST, AR; FOREVER BROADCASTING, LLC, Station WFGE, Facility ID 1057, BPH–20130325AJI, From TYRONE, PA, To STATE COLLEGE, PA; INVISIBLE ALLIES MINISTRIES, Station WRVI, Facility ID 176200, BMPED–20130227AAH, From SAINT MARYS, PA, To RIDGWAY, PA; INVISIBLE ALLIES MINISTRIES, Station WRQV, Facility ID 175421, BPED–20130227AAI, From RIDGWAY, PA, To MAHAFFEY, PA; LASER LICENSES, LLC, Station KMLY, Facility mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 17:11 Apr 18, 2013 Jkt 229001 ID 164096, BPH–20130411AAK, From CARMEL VALLEY, CA, To GONZALES, CA; SPIRIT BROADCASTING GROUP, INC., Station WKBR–FM, Facility ID 173901, BMPED–20130401ABH, From BRANCHVILLE, SC, To SUMMERVILLE, SC; TELIKOJA EDUCATIONAL BROADCASTING INC., Station WPAL, Facility ID 177311, BMPED–20130219ABX, From LAPORTE, PA, To NEW ALBANY, PA. DATES: The agency must receive comments on or before June 18, 2013. ADDRESSES: Federal Communications Commission, 445 Twelfth Street SW., Washington, DC 20554. FOR FURTHER INFORMATION CONTACT: Tung Bui, 202–418–2700. SUPPLEMENTARY INFORMATION: The full text of these applications is available for inspection and copying during normal business hours in the Commission’s Reference Center, 445 12th Street SW., Washington, DC 20554 or electronically via the Media Bureau’s Consolidated Data Base System, https:// svartifoss2.fcc.gov/prod/cdbs/pubacc/ prod/cdbs_pa.htm. A copy of this application may also be purchased from the Commission’s duplicating contractor, Best Copy and Printing, Inc., 445 12th Street SW., Room CY–B402, Washington, DC, 20554, telephone 1– 800–378–3160 or www.BCPIWEB.com. Federal Communications Commission. James D. Bradshaw, Deputy Chief, Audio Division, Media Bureau. [FR Doc. 2013–09276 Filed 4–18–13; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership Federal Deposit Insurance Corporation (FDIC). ACTION: Notice. AGENCY: The FDIC has determined that insufficient assets exist in the receivership of Colonial Bank, Montgomery, Alabama, 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 April 15, 2013. FOR FURTHER INFORMATION CONTACT: If you have questions regarding this notice, you may contact an FDIC Claims Agent at (972) 761–8677. Written correspondence may also be mailed to FDIC as Receiver of Colonial Bank, SUMMARY: PO 00000 Frm 00029 Fmt 4703 Sfmt 4703 23565 Attention: Claims Agent, 1601 Bryan Street, Dallas, Texas 75201. SUPPLEMENTARY INFORMATION: On August 14, 2009, Colonial Bank, Montgomery, Alabama, (FIN #10103) was closed by the Alabama State Banking Department, 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 Branch Banking and Trust (‘‘BB&T’’), WinstonSalem, North Carolina, to assume 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 March 31, 2013, 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 $3,282,813,040. As of the same date, administrative expenses and depositor liabilities equaled $4,981,236,544, exceeding available assets and potential recoveries by $1,698,423,504. 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. Dated: April 16, 2013. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2013–09229 Filed 4–18–13; 8:45 am] BILLING CODE 6714–01–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 E:\FR\FM\19APN1.SGM 19APN1

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[Federal Register Volume 78, Number 76 (Friday, April 19, 2013)]
[Notices]
[Page 23565]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-09229]


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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.

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SUMMARY: The FDIC has determined that insufficient assets exist in the 
receivership of Colonial Bank, Montgomery, Alabama, 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 April 15, 2013.

FOR FURTHER INFORMATION CONTACT: If you have questions regarding this 
notice, you may contact an FDIC Claims Agent at (972) 761-8677. Written 
correspondence may also be mailed to FDIC as Receiver of Colonial Bank, 
Attention: Claims Agent, 1601 Bryan Street, Dallas, Texas 75201.

SUPPLEMENTARY INFORMATION: On August 14, 2009, Colonial Bank, 
Montgomery, Alabama, (FIN 10103) was closed by the Alabama 
State Banking Department, 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 Branch Banking and 
Trust (``BB&T''), Winston-Salem, North Carolina, to assume 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 March 31, 2013, 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 $3,282,813,040. As of the same date, administrative expenses and 
depositor liabilities equaled $4,981,236,544, exceeding available 
assets and potential recoveries by $1,698,423,504. 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.

    Dated: April 16, 2013.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2013-09229 Filed 4-18-13; 8:45 am]
BILLING CODE 6714-01-P
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