Please be advised you will not receive any email notification to claim/unlock/unsuspend your account or to provide any private information. Please be aware of any Phishing Scams to obtain information from you.
On Friday, September 4, 2009, Platinum Community Bank,
Rolling Meadows, IL was
closed by the Office of Thrift Supervision, and the
FDIC was named Receiver. No advance notice is given to the
public when a financial institution is closed.
The FDIC has assembled useful information regarding your relationship
with this institution. Besides a checking
account, you may have Certificates of Deposit, a car loan, a business checking
account, a commercial loan, a Social Security direct deposit, and other
relationships with the institution. The FDIC has compiled the
following information, which should answer many of your questions.
The FDIC has issued a press release (PR-164-2009) about
the institution's closure. If you represent a media outlet and would
like information about the closure, please contact David
Barr at 1-202-898-6992.
This link will allow you to verify the insurance status of each of your accounts. This link will be available
for use no later than the first business day after bank failure.
Simply enter your account number in the search screen. If you receive the message that "your account
is fully insured" a link will appear that provides you with additional information. If you receive the message that you should contact the FDIC, then a link will appear that provides
you contact information.
An assuming institution could not be located; therefore, the FDIC will fulfill its obligation to insured depositors by mailing checks for their insured amounts.
Principal and interest on insured accounts, through Friday, September 4, 2009,
are fully insured by the FDIC, up to the insurance limit of $250,000. You
will receive full payment for your insured account. Certain entitlements
and different types of accounts can be insured for more than the $250,000
limit. IRA funds are insured separately from other types of accounts,
up to a $250,000 limit.
All interest bearing accounts that exceed the $250,000 insurance limit
and/or all interest bearing accounts that appear to be related and exceed
this limit are reviewed
to determine their ownership and insurance coverage. If you think
you might have uninsured deposits, you should call the FDIC Call Center
arrange for a telephone interview with a Claims Agent at 1-800-640-2751.
The Claim Agent may direct you to download and submit a particular
form that will assist in expediting the processing of your claim.
FDIC Call Center
Toll free number 1-800-640-2751
Hours of Operation – Central Time
September 4, 2009:
Saturday, September 5, 2009:
9:00 a.m. - 6:00 a.m.
September 6, 2009:
Noon - 6:00 p.m.
8:00 a.m. - 8:00 p.m.
If it is determined that you have uninsured funds, the FDIC will generate
and mail to you a Receiver Certificate. This certificate entitles
you to share proportionately in any funds recovered through the disposal
of the assets of Platinum Community Bank. This means that
you may eventually recover some of your uninsured funds.
Your CD(s) will automatically be closed,
and you will receive a check up to the insured amount from the FDIC. You
will not be assessed an early withdrawal penalty. A
hold may be in place on deposit accounts due to delinquent loans where the
depositor is the borrower or guarantor. Additionally, any account pledged
as collateral for a loan will be held.
On Friday, September 4, 2009, all accounts have
been closed and you will receive a check up to your insured amount and a final
will no longer have access to the website and online services.
If you had a loan with Platinum Community Bank, you should
continue to make your payments as usual. The terms of your loan will not
change under the terms of the loan contract, because they are contractually
in your promissory note with the failed institution. Checks should be made
payable as usual and sent to the same address until further notice. If you
have further questions regarding an existing loan, please contact your loan
If you or your company provided a service or product, leased space, furniture,
or equipment to Platinum Community Bank after
Friday, September 4, 2009 and have not
been paid you do not have
a claim against Platinum Community Bank. Please follow your normal
billing procedures by providing an invoice as instructed.
Claims against failed financial institutions occur when bills sent to the institution
remain unpaid at the time of failure. If you or your company provided a service
or product, leased space, furniture, or equipment to Platinum Community Bank prior
to Friday, September 4, 2009 and have not been
paid you may be
entitled to a claim against the bank. If you provided a product to or a service
for Platinum Community Bank prior to the bank's failure for which you have not
and you have not received communication, please
Federal Deposit Insurance Corporation
Receiver: Platinum Community Bank
1601 Bryan Street
Dallas, Texas 75201
Attention: Claims Agent
Please note: There are time limits for filing a claim, your claim must be filed on or before 12/10/2009.
The Platinum Community Bank had no publicly owned stock. Equity shareholders
were invested in the holding company, Platinum Bancshares, Inc, Rolling
Meadows, IL, and not in the bank. Please do not file a claim with the Receiver,
rather contact the holding company with any questions you may have:
Platinum Bancshares, Inc.
2917 West Kirchoff Road
Rolling Meadows, Il 60008
The FDIC offers a reference guide to deposit brokers acting as agents for their investor clientele. This site
outlines the FDIC's policies and procedures that must be followed by deposit brokers when filing for pass-through insurance
coverage on custodial accounts deposited in a failed FDIC Insured Institution.