Page 4 - March 2017 Regulatory Review
P. 4
Federal Reserve Bank stock. The FAST Act requires in writing and sent within thirty days of the date
that FRB annually adjust the $10 billion total of the notice to: Federal Deposit Insurance
consolidated asset threshold to reflect the change in Corporation, Division of Resolutions and
the Gross Domestic Product Price Index, published Receiverships, Attention: Receivership
by the Bureau of Economic Analysis. Based on the Oversight Department 32.1, 1601 Bryan Street,
change in the Gross Domestic Product Price Index as Dallas, TX 75201. No comments concerning the
of 09/29/2016, the total consolidated asset threshold termination of this receivership will be
will be $10,122,000,000 through 12/31/2017. The considered which are not sent within this
final rule is effective 03/27/2017. The final rule may timeframe. The notice may be viewed at:
be viewed at: https://www.gpo.gov/fdsys/pkg/FR- https://www.gpo.gov/fdsys/pkg/FR-2017-03-
2017-02-24/pdf/2017-03568.pdf. Federal Register, 01/pdf/2017-03955.pdf. Federal Register, Vol.
Vol. 82, No. 36, 02/24/2017, 11501-11502. 82, No. 39, 03/01/2017, 12227.
FDIC Issues Updated Listing of Financial • FDIC has issued a notice to announce it intends
Institutions in Liquidation. to terminate the receivership of ISN Bank,
Cherry Hill, New Jersey. FDIC was appointed
The Federal Deposit Insurance Corporation (FDIC) receiver of ISN Bank on 09/17/2010. The
has issued a notice to announce it has been appointed liquidation of the receivership assets has been
the sole receiver for Proficio Bank, Cottonwood completed. To the extent permitted by available
Heights, Utah. The appointment is effective funds and in accordance with law, the Receiver
03/03/2017. The list (as updated from time to time in will be making a final dividend payment to
the Federal Register) may be relied upon as of record proven creditors. The Receiver has determined
notice that FDIC has been appointed receiver for that the continued existence of the receivership
purposes of the statement policy published in the will serve no useful purpose. Consequently,
07/02/1992, issue of the Federal Register. For further notice is given that the receivership shall be
information concerning the identification of any terminated, to be effective no sooner than thirty
institutions which have been placed in liquidation, days after the date of the notice. If any person
please visit FDIC’s website at: wishes to comment concerning the termination
www.fdic.gov/bank/individual/failed/banklist.html or of the receivership, such comment must be made
contact the Manager of Receivership Oversight in the in writing and sent within thirty days of the date
appropriate service center. The notice may be viewed of the notice to: Federal Deposit Insurance
at: https://www.gpo.gov/fdsys/pkg/FR-2017-03- Corporation, Division of Resolutions and
10/pdf/2017-04730.pdf. Federal Register, Vol. 82, Receiverships, Attention: Receivership
No. 46, 03/10/2017, 13350-13351. Oversight Department 32.1, 1601 Bryan Street,
Dallas, TX 75201. No comments concerning the
FDIC Issues Notices of Terminations of termination of this receivership will be
considered which are not sent within this
Receiverships. timeframe. The notice may be viewed at:
https://www.gpo.gov/fdsys/pkg/FR-2017-03-
• FDIC has issued a notice to announce it intends 01/pdf/2017-03955.pdf. Federal Register, Vol.
to terminate the receivership of Allegiance Bank 82, No. 39, 03/01/2017, 12227.
of North America, Bala Cynwyd, Pennsylvania.
FDIC was appointed receiver of Allegiance Bank • FDIC has issued a notice to announce it intends
of North America on 11/19/2010. The to terminate the receivership of Creekside Bank,
liquidation of the receivership assets has been Woodstock, Georgia. FDIC was appointed
completed. To the extent permitted by available receiver of Creekside Bank on 09/02/2011. The
funds and in accordance with law, the Receiver liquidation of the receivership assets has been
will be making a final dividend payment to completed. To the extent permitted by available
proven creditors. The Receiver has determined funds and in accordance with law, the Receiver
that the continued existence of the receivership will be making a final dividend payment to
will serve no useful purpose. Consequently, proven creditors. The Receiver has determined
notice is given that the receivership shall be that the continued existence of the receivership
terminated, to be effective no sooner than thirty will serve no useful purpose. Consequently,
days after the date of the notice. If any person notice is given that the receivership shall be
wishes to comment concerning the termination terminated, to be effective no sooner than thirty
of the receivership, such comment must be made days after the date of the notice. If any person
2