Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership, 35032 [2013-13741]

Download as PDF 35032 Federal Register / Vol. 78, No. 112 / Tuesday, June 11, 2013 / Notices national associations or professional societies, relevant research experience and publications along with a short (one page) biography describing how the nominee meets the above criteria and other information that may be helpful in evaluating the nomination, as well as the nominee’s current business address, email address, and daytime telephone number. Interested candidates may selfnominate. To help the Agency in evaluating the effectiveness of its outreach efforts, nominees are requested to inform the Agency of how you learned of this opportunity. Final selection of HSRB members is a discretionary function of the Agency and will be announced on the HSRB Web site at https://www.epa.gov/osa/ hsrb/index.htm as soon as selections are made. 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ADDRESSES: Jim Downing, Designated Federal Official, Office of the Science Advisor, Mail Code 8105R, U.S. Environmental Protection Agency, 1200 Pennsylvania Avenue NW., Washington, DC 20460; telephone number: (202) 564–2468, fax number: (202) 564–2070, email: downing.jim@epa.gov. wreier-aviles on DSK5TPTVN1PROD with NOTICES FOR FURTHER INFORMATION CONTACT: Dated: May 16, 2013. Glenn Paulson, Science Advisor. [FR Doc. 2013–13815 Filed 6–10–13; 8:45 am] BILLING CODE 6560–50–P VerDate Mar<15>2010 15:13 Jun 10, 2013 Jkt 229001 FEDERAL DEPOSIT INSURANCE CORPORATION Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership Federal Deposit Insurance Corporation (FDIC). ACTION: Notice. AGENCY: SUMMARY: The FDIC has determined that insufficient assets exist in the receivership of K Bank, Randallstown, Maryland, 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 June 4, 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 K Bank, Attention: Claims Agent, 1601 Bryan Street, Dallas, Texas 75201. SUPPLEMENTARY INFORMATION: On November 5, 2010, K Bank, Randallstown, Maryland, (FIN #10308) was closed by the Maryland Office of Financial Regulation, 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 Manufacturers and Traders Trust Company (‘‘M&T Bank’’), Buffalo, New York, to assume all of the deposits (excluding brokered 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 was $135,461,147. As of the same date, administrative expenses and depositor liabilities equaled $247,721,021, exceeding available assets and potential recoveries by $112,259,874. Accordingly, the FDIC has determined PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 that insufficient assets exist to make any distribution on general unsecured claims (and any lower priority claims) and therefore all such claims, asserted or unasserted, will recover nothing and have no value. Federal Deposit Insurance Corporation. Dated: June 5, 2013. Robert E. Feldman, Executive Secretary. [FR Doc. 2013–13741 Filed 6–10–13; 8:45 am] BILLING CODE 6714–01–P FEDERAL ELECTION COMMISSION Sunshine Act Meetings Federal Election Commission. & TIME: Thursday, June 13, 2013 at 10:00 a.m. PLACE: 999 E Street NW., Washington, DC (Ninth Floor). STATUS: This meeting will be open to the public. ITEMS TO BE DISCUSSED: Correction and Approval of the Minutes for the Meeting of May 9, 2013 Draft Advisory Opinion 2013–03: Erin Bilbray-Kohn Proposed Final Audit Report on the California Republican Party/V8 (A09– 15) Draft Interpretive Rule on Reporting Ultimate Payees of Political Committee Disbursements OGC Enforcement Manual Management and Administrative Matters Individuals who plan to attend and require special assistance, such as sign language interpretation or other reasonable accommodations, should contact Shawn Woodhead Werth, Secretary and Clerk, at (202) 694–1040, at least 72 hours prior to the meeting date. PERSON TO CONTACT FOR INFORMATION: Judith Ingram, Press Officer, Telephone: (202) 694–1220. AGENCY: DATE Shawn Woodhead Werth, Secretary and Clerk of the Commission. [FR Doc. 2013–13890 Filed 6–7–13; 11:15 am] BILLING CODE 6715–01–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\11JNN1.SGM 11JNN1

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[Federal Register Volume 78, Number 112 (Tuesday, June 11, 2013)]
[Notices]
[Page 35032]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-13741]


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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 K Bank, Randallstown, Maryland, 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 June 4, 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 K Bank, 
Attention: Claims Agent, 1601 Bryan Street, Dallas, Texas 75201.

SUPPLEMENTARY INFORMATION: On November 5, 2010, K Bank, Randallstown, 
Maryland, (FIN 10308) was closed by the Maryland Office of 
Financial Regulation, 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 Manufacturers and 
Traders Trust Company (``M&T Bank''), Buffalo, New York, to assume all 
of the deposits (excluding brokered 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 was $135,461,147. 
As of the same date, administrative expenses and depositor liabilities 
equaled $247,721,021, exceeding available assets and potential 
recoveries by $112,259,874. Accordingly, the FDIC has determined that 
insufficient assets exist to make any distribution on general unsecured 
claims (and any lower priority claims) and therefore all such claims, 
asserted or unasserted, will recover nothing and have no value.


Federal Deposit Insurance Corporation.
    Dated: June 5, 2013.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2013-13741 Filed 6-10-13; 8:45 am]
BILLING CODE 6714-01-P
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