Notice to All Interested Parties of Intent To Terminate Receivership for Citizens National Bank
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The FDIC, acting as receiver for Citizens National Bank of Macomb, Illinois, has announced its intention to terminate the receivership that began on May 22, 2009. The liquidation of the bank's assets has been fully completed. A final dividend payment will be made to proven creditors to the extent funds and law permit. The FDIC has determined that continuing the receivership serves no useful purpose and plans to end it no sooner than thirty days after the notice date of April 3, 2026.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Termination of receivership for Citizens National Bank (Receivership Fund 10063)
- Receivership originally appointed on May 22, 2009
- Asset liquidation fully completed
+ 3 more changes with Pro
Obligations
What this law requires
The FDIC as Receiver must make a final dividend payment to proven creditors to the extent permitted by available funds and in accordance with law
The FDIC must terminate the receivership for Citizens National Bank no sooner than thirty days after the notice date of April 3, 2026
Any person wishing to comment on the receivership termination must submit written comments within thirty days of the notice date (by May 3, 2026)
Written comments concerning receivership termination must identify the receivership to which the comment pertains
Written comments must be sent to the Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Section, 600 North Pearl, Suite 700, Dallas, TX 75201