Each depositor insured to at least $250,000 per insured bank



Home > Industry Analysis > Failed Banks > Failed Bank List > Failed Bank Information




Failed Bank Information
Information for The Oakwood Deposit Bank Company, Oakwood, OH
  1. Introduction
  2. Press Release
  3. Acquiring Financial Institution
  4. Priority of Claims
  5. Dividend Information
  6. Receivership Termination
I.  Introduction

On February 1, 2002, The Oakwood Deposit Bank Company, Oakwood, OH was closed by the Superintendent of Financial Institutions for the State of Ohio, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. As Receiver, the FDIC is charged with winding up the business affairs of the failed financial institution. This includes the disposition of assets and liabilities of the failed financial institution and payment of dividends to approved creditors in order of priority.

The FDIC, as Receiver, has taken all necessary actions to conclude the affairs of the failed financial institution, made all dividend distributions as required by law and the receivership estate is deemed terminated.

Back to top
II.  Press Release

The FDIC has issued a press release about the institutionís closure.  If you represent a media outlet and would like information about the closure, please contact the FDIC Public Affairs Office at (202) 898-6993.

Back to top
III.  Acquiring Financial Institution
All insured deposit accounts were transferred to The State Bank & Trust Company, Defiance, OH and were available as usual during regular business hours at the former Meridian Bank branches.

You may contact The State Bank and Trust Company at :

The State Bank and Trust Company
401 Clinton Street
Defiance, OH 43512
Back to top
IV.  Priority of Claims

In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:

  1. Depositors
  2. General Unsecured Creditors
  3. Subordinated Debt
  4. Stockholders

Back to top
V.  Dividend Information
Dividend History on the Oakwood Deposit Bank Company

Dividend Information on Failed Financial Institutions
Back to top
VI.  Receivership Termination

The FDIC as Receiver for the Oakwood Deposit Bank Company has taken all actions necessary to terminate the Receivership Estate.

The Receiver published a legal notice of intent to terminate the receivership on September 16, 2011.

The Receiver has made all dividend distributions required by law.

Effective May 7, 2012, the Receivership Estate has been terminated, the Receiver was discharged and the Receivership Estate ceased existence as a legal entity.

Back to top
General Disclaimer



Last Updated 10/25/2012 cservicefdicdal@fdic.gov