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 Thunder Bank, Sylvan Grove, KS


  1. Introduction
  2. Press Release
  3. Acquiring Financial Institution
  4. Priority of Claims
  5. Dividend Information
  6. Purchase and Assumption Agreement (234 KB PDF File - PDF Help)
  7. Bid Summary
  8. Receivership Termination
I.  Introduction
On July 23, 2010, Thunder Bank, Sylvan Grove, KS was closed by the Office of the State Bank Commissioner, 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 institution's 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 Bennington State Bank, Salina, KS and were available as usual during regular business hours at the former Meridian Bank branches.

You may contact The Bennington State Bank at :

The Bennington State Bank
2130, South Ohio Street
Salina, KS 67401
Back to top
V.  Priority of Claims
The dividend process is complete. In accordance with Federal law, allowed claims are paid, after administrative expenses, in the following order of priority:

Depositors
General Unsecured Creditors
Subordinated Debt
Stockholders
Back to top
VI.  Dividend Information
 
Dividend History on Thunder Bank

Dividend Information on Failed Financial Institutions
Back to top
VIII.  Receivership Termination
The FDIC as Receiver for Thunder Bank has taken all actions necessary to terminate the Receivership Estate.

The Receiver published a legal notice of intent to terminate the receivership on February 7, 2012.

The Receiver has made all dividend distributions required by law.

Effective May 10, 2012, the Receivership Estate has been terminated, the Receiver was discharged and the Receivership Estate ceased existence as a legal entity.
General Disclaimer
Back to top



Last Updated 09/13/2012 cservicefdicdal@fdic.gov