Please be advised you will not receive any email notification to claim/unlock/unsuspend your account or to provide any private information. Please be aware of any Phishing Scams to obtain information from you.
On Friday, March 5, 2010, Centennial Bank, Ogden, UT was
closed by the Utah Department of Financial Institutions, and the
FDIC was named Receiver. No advance notice is given to the
public when a financial institution is closed.
The FDIC has assembled useful information regarding your relationship
with this institution. Besides a checking
account, you may have Certificates of Deposit, a car loan, a business checking
account, a commercial loan, a Social Security direct deposit, and other
relationships with the institution. The FDIC has compiled the
following information, which should answer many of your questions.
The FDIC has issued a press release (PR-046-2010) about
the institution's closure. If you represent a media outlet and
would like information about the closure, please contact
Greg Hernandez at
1-202-898-6984.
This link will allow you to verify the insurance status of each of your accounts. This link will be available
for use no later than the first business day after bank failure.
Simply enter your account number in the search screen. If you receive the message that "your account
is fully insured" a link will appear that provides you with additional information. If you receive the message that you should contact the FDIC, then a link will appear that provides
you contact information.
An assuming institution could not be located; therefore, the FDIC will fulfill its obligation to insured depositors by mailing checks for their insured amounts.
Principal and interest on insured accounts, through March 5, 2010,
are fully insured by the FDIC, up to the insurance limit of $250,000. You
will receive full payment for your insured account. Certain entitlements
and different types of accounts can be insured for more than the $250,000
limit. IRA funds are insured separately from other types of accounts,
up to a $250,000 limit.
All interest bearing accounts that exceed the $250,000 insurance limit
and/or all interest bearing accounts that appear to be related and exceed
this limit are reviewed
by
the FDIC
to determine their ownership and insurance coverage. If you think
you might have uninsured deposits, you should call the FDIC Call Center
to
arrange for a telephone interview with a Claims Agent at 1-800-889-4976.
The Claim Agent may direct you to download and submit a particular
form that will assist in expediting the processing of your claim.
FDIC Call Center
Toll free number 1-800-889-4976
Hours of Operation – Mountain Time
Friday,
March 5, 2010:
Until 9:00
p.m.
Saturday, March 6, 2010:
9:00 a.m. - 6:00 p.m.
Sunday,
March 7, 2010:
Noon - 6:00 p.m.
Thereafter:
8:00 a.m. - 8:00 p.m.
If it is determined that you have uninsured funds, the FDIC will generate
and mail to you a Receiver Certificate. This certificate entitles
you to share proportionately in any funds recovered through the disposal
of the assets of Centennial Bank. This means that
you may eventually recover some of your uninsured funds.
Your CD(s) will automatically be closed,
and you will receive a check up to the insured amount from the FDIC. You
will not be assessed an early withdrawal penalty. A
hold may be in place on deposit accounts due to delinquent loans where the
depositor is the borrower or guarantor. Additionally, any account pledged
as collateral for a loan will be held.
On March 5, 2010, all accounts have
been closed and you will receive a check up to your insured amount and a final
statement
from
the
FDIC.
You
will no longer have access to the website and online services.
If you had a loan with Centennial Bank, you should continue to make your payments as usual. The terms of your loan will not change, because they are contractually agreed to in your promissory note. Make checks payable to FDIC as Receiver for Centennial
Bank and utilize the same payment address information.
If you have questions concerning this matter, please call
1-800-889-4976 to schedule an appointment with an FDIC representative.
Claims against failed financial institutions occur when bills sent to the
institution remain unpaid at the time of failure. If you or your company provided
a service or product, leased space, furniture,
or equipment to Centennial Bank after
March 5, 2010 and have
not been paid, you do not have
a claim against Centennial Bank. Please follow
your normal billing procedures by providing an invoice as instructed.
If you or your company provided a service
or product, leased space, furniture, or equipment to Centennial Bank prior
to March 5, 2010 and have not
been
paid, you may be
entitled to a claim against the bank. If you provided a product to or a service
for Centennial Bank prior to the bank's failure for
which you have not
been
paid
and you have not received communication, please
contact:
Federal Deposit Insurance Corporation
Receiver: Centennial Bank
40 Pacifica, Suite 1000
Irvine, CA 92618
Attention: Claims Agent
Please note: There are time limits for filing a claim, your claim must be filed on or before 6/9/2010.
The Centennial Bank had no publicly owned stock. Equity shareholders were
invested in the holding company, Centennial Bankshares, Ogden, UT, and
not in the bank. Please
do not file a claim with the Receiver. Instead, contact the holding company’s
registered agent with any questions you may have:
Centennial Bankshares, Inc.
4605 S. Harrison Boulevard
Ogden, UT 84403
The FDIC offers a reference guide to deposit brokers acting as agents for their investor clientele. This site
outlines the FDIC's policies and procedures that must be followed by deposit brokers when filing for pass-through insurance
coverage on custodial accounts deposited in a failed FDIC Insured Institution.
