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Friday, October 22, 2010
To Whom It May Concern:
On Friday, October 22, 2010, ("Closing Date"), the Office of Thrift Supervision closed
First Arizona Savings, a F.S.B., Scottsdale, AZ, ("Failed
Institution"). Subsequently, the Federal Deposit Insurance Corporation
("FDIC") was appointed as Receiver to handle all matters relating to the Failed
Institution.
Because there was not an acquiring financial institution to purchase the
deposits, any outstanding checks are being returned “Institution Closed”. This
situation was the result of the bank failure and is not a reflection on the
depositors of the bank.
Since each depositor of the Failed Institution was
not aware of the potential
receivership, they believed their checks would clear in the normal course
of business. Therefore, we ask that you consider waiving any returned check
charges
and penalties due to these special circumstances.
Your cooperation and understanding are greatly appreciated. Should you
have any questions or concerns regarding this matter, please contact the
FDIC Claims Department at 1-800-830-4698
Sincerely,
Claims Agent
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