Failed Bank Information
Information for The National State Bank of Metropolis, Metropolis, IL
- Press Release
- Acquiring Financial Institution
- Priority of Claims
- Dividend Information
- Receivership Termination
On December 14, 2000, The National State Bank of Metropolis, Metropolis, IL was closed by the Office of the Comptroller of the Currency, 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.
II. Press Release
The FDIC issued a press release about the institutions 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.
III. Acquiring Financial Institution
All insured deposit accounts were transferred to Banterra Bank of Marion, Marion, IL and were available as usual during regular business hours at the following Banterra Bank's office:
101 W. 8th Street
Metropolis, IL 62960
Phone: (618) 524-9316
IV. 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:
- General Unsecured Creditors
- Subordinated Debt
V. Dividend Information
VI. Receivership Termination
The FDIC, as Receiver for The National State Bank of Metropolis, Metropolis, IL has taken all actions necessary to terminate the Receivership Estate.
The Receiver published legal notice of intent to terminate the receivership in the Paducah Sun, Paducah, KY on December 23, 2002.
The Receiver has made all dividend distributions required by law.
Effective March 17, 2005, the Receivership Estate has been terminated, the Receiver discharged, and the Receivership Estate has ceased to exist as a legal entity.