Unclaimed Deposits Information
Question and Answer Guide for Great Basin Bank of Nevada, Elko, NV
Deposits that have not been claimed for Great Basin Bank of Nevada and held at Nevada State Bank, within 18 months of the failure are sent to the FDIC. Custody of unclaimed funds is subsequently transferred to the appropriate state according to Federal Law (12 U.S.C., 1822(e)).
- What is included in Unclaimed Deposits?
- What about my account(s)?
- Will my money continue to earn interest?
- When will my money be available?
- How do I claim my account?
- If I need to talk to someone for assistance, what is the contact information?
1. What is included in Unclaimed Deposits?
Unclaimed Deposits may include any item or negotiable instrument deposited in or issued by an FDIC Insured financial institution including checking or savings accounts, cashiers checks, official checks, money orders, Certificates of Deposit, IRA Accounts, and others collectively referred to as "deposits".
Deposits are considered unclaimed if the rightful owner did not assert that the funds belonged to them within 18 months after the failure of the financial institution.
2. What about my account(s)?
After Great Basin Bank of Nevada failed, your deposits were transferred to Nevada State Bank as part of the agreement with the FDIC to assume the assets and liabilities of Great Basin Bank of Nevada. Pursuant to federal law, 12 U.S.C 1822(e), you were notified regarding this transfer and instructed to claim your deposit within 18 months of the Great Basin Bank of Nevada failure. FDIC mailed letters to your last known address as it appeared in bank records and FDIC has no record of any claims being made for your deposit. After the statutory 18 month period has expired, in order to comply with federal law, Nevada State Bank must refund your unclaimed deposits to the FDIC.
Nevada State Bank has transferred these deposits to the FDIC. The FDIC ultimately transfers custody of these funds to the State or Territory of the depositor's last known address which displayed on the failed institution's records
3. Will my money continue to earn interest?
Your money ceased to earn interest as of the failure date of Great Basin Bank of Nevada.
4. When will my money be available?
Your deposits are currently available to be claimed from the FDIC.
5. How do I claim my account?
You will need to complete a claim form with notarized signatures and return the claim form to the address below. Please click here to download the claim form.
6. If I need to talk to someone for assistance, what is the contact information?
You may contact the FDIC at:
FDIC Depositor Services
1601 Bryan Street
Dallas, TX 75201-3430
Toll free number 1-888-206-4662
Hours of Operation (Central Time)
Monday through Friday 8 a.m. 5 p.m.