SUMMARY: The Federal Deposit Insurance Corporation (FDIC), as receiver
for the financial institution specified in SUPPLEMENTARY INFORMATION,
has determined that the proceeds which can be realized from the
liquidation of the assets of the below listed receivership estate are
insufficient to wholly satisfy the priority claims of depositors
against the receivership estate. Therefore, upon satisfaction of
secured claims, depositor claims and claims which have priority over
depositors under applicable law, no amount will remain or will be
recovered sufficient to allow a dividend, distribution or payment to
any creditor of lessor priority, including but not limited to, claims
of general creditors. Any such claims are hereby determined to be
FOR FURTHER INFORMATION CONTACT: Thomas Bolt, Counsel, Legal Division,
FDIC, 550 17th Street, N.W., Room H-11048, Washington, D.C. 20429.
Telephone: (202) 736-0168.
Financial Institution in Receivership Determined to Have Insufficient
Assets to Satisfy All Claims
Eastland Savings Bank, #4558, Woonsocket, Rhode Island.
Dated: October 23, 1997.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
[FR Doc. 97-28706 Filed 10-29-97; 8:45 am]
BILLING CODE 6714-01-P