If You Had a Deposit Account
The full balance of all deposit accounts has been transferred to Equity Bank.
You may continue to use your checks and ATM/Debit card. Direct deposits like paychecks and social security benefits will continue as usual. Please refer to the Banking Services section below for more details.
The FDIC strongly encourages bank customers to follow Centers for Disease Control and Prevention guidance on social distancing and utilize online and electronic banking capabilities.
EDIE — Electronic Deposit Insurance Estimator
Calculate insurance coverage of deposit accounts
Facts for Depositors
General information explaining the role of FDIC
If You Had a Loan
You should continue to make payments, including escrow payments, as usual; the terms of your loan will not change.
If your loan is currently in process or you had a line of credit, contact your loan officer.
Borrowers whose finances are impacted by the coronavirus pandemic should contact their original loan officers or call the contact information provided in their loan statements before addressing requests for modifications to Equity Bank. If you are making escrow payments and receive notification that any portion of your taxes or insurance was not paid, contact your loan officer.
If you received notice that the FDIC retained your loan, and you have questions, please visit the FDIC Information and Support Center.
Obtaining a Lien Release
Process on getting a release of lien
Borrower’s Guide to an FDIC Insured Bank Failure
Overview of how FDIC processes loans
Facts for Borrowers
General information explaining the role of FDIC
If You Are Owed Money for a Service or Product Provided
Acquiring Institution: Equity Bank
About Equity Bank
All deposit accounts have been transferred to Equity Bank, Andover, KS ("assuming institution") and will be available immediately. The former Almena State Bank locations will reopen as branches of Equity Bank during regular business hours. The FDIC strongly encourages bank customers to follow Centers for Disease Control and Prevention guidance on social distancing and utilize online and electronic banking capabilities.
Your transferred deposits will be separately insured from any accounts you may already have at Equity Bank for at least six months after the failure of Almena State Bank. Checks that were drawn on Almena State Bank that did not clear before the institution closed will be honored as long as there are sufficient funds in the account.
All interest accrued through Friday, October 23, 2020 will be paid at your same rate. Equity Bank will be reviewing rates. You will be notified of any changes. You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Equity Bank as long as the deposits are not pledged as collateral for loans.
Contacting Equity Bank
You can contact Equity Bank:
345 North Andover Road
Andover, KS 67002
Equity Bank (www.equitybank.com)
Purchase & Assumption Agreement - PDF
Agreement between FDIC and the acquiring institution
Report on the bids to purchase the failed bank
As an All Deposits transaction, the total of all deposit accounts, including brokered deposits, has been assumed by Equity Bank.
Automatic Payments/Bill Pay/Online Banking
These services will continue as usual. Your routing number and account number will remain the same until you are notified in writing by Equity Bank.
ATM and Debit Cards
Your ATM/Debit card will continue to work as usual.
Your checks will be processed as usual. All outstanding checks will be paid against your available balance(s). Equity Bank will contact you soon regarding any changes in the terms of your account. If you have a problem with a merchant refusing to accept your check, please contact your branch office.
All direct deposits, for example, social security checks, payroll, veterans' benefits, disability, unemployment or any payment you receive electronically will continue as usual.
Overdraft Lines of Credit
These lines have been transferred to Equity Bank. Please contact Equity Bank if you have additional questions regarding your accounts.
Safe Deposit Boxes
You will have access to your safe deposit boxes; however, you should call your branch to arrange an appointment. Any changes will be communicated by Equity Bank.
Tax Reporting — 1098 and/or 1099
Equity Bank will be responsible for mailing your 1099 tax information. Your 1098 reporting will be done by the FDIC or the servicer of your loan. You will be notified of any changes in ownership or servicing of your loan.
If you or your company provided a service or product, leased space, furniture, or equipment to Almena State Bank prior to Friday, October 23, 2020 and have not been paid, you may have a claim against Almena State Bank.
All creditors having claims against Almena State Bank must submit their claims to the Receiver online or by mail.
In order to facilitate the receipt of correspondence related to the Receiver’s administrative claims process during this period of national emergency, any party/claimant who would normally send hardcopy mail to an FDIC facility related to the Receivership is encouraged to send electronic communication inquiries through email (email@example.com) or the FDIC Information and Support Center.
In addition, any party/claimant who normally would send a Receivership claim submission via hardcopy mail is encouraged to submit the claim through the Non-Deposit Claims Web portal (https://www5.fdic.gov/NDCWeb) or through email (firstname.lastname@example.org).
Please note: There are time limits for filing a claim. Your claim must be filed on or before 01/27/2021 (the "Claims Bar Date").
Under federal law, failure to file a claim on or before the Claims Bar Date will result in disallowance of the claim by the Receiver. The disallowance will be final. 12 U.S.C. Section 1821(d)(5)(C).
NOTE TO CLASS CLAIMANTS: By law, the Receiver will not accept a claim filed on behalf of a proposed class of individuals or entities or a class of individuals or entities certified by a court. EACH individual or entity must file a separate claim with the Receiver.
Priority of Claims
In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:
- General Unsecured Creditors
- Subordinated Debt
For Stockholders of Almena Investments, LLC
All shares of Almena State Bank are owned by its holding company, Almena Investments, LLC, Almena, KS. The holding company was not included in the closing of the bank or resulting receivership.
Contacting the Holding Company
If you are a stockholder, please do not contact or file a claim with the Receiver. You must contact the holding company directly:
Almena Investments, LLC
PO Box 550
Norton, KS 67654
Questions About This Closing
Contact the FDIC Customer Service Department at (888) 206-4662.
Hours of Operation — Central Time
Monday – Friday (excluding federal holidays): 8:00 AM – 4:00 PM