On Friday, January 15, 2010, Barnes Banking Company was closed by the Utah Department of Financial Institutions. The FDIC was named Receiver. The FDIC created the Deposit Insurance National Bank of Kaysville (DINB of Kaysville), Kaysville, UT to acquire all deposit accounts, with the exception of brokered deposits, certificates of deposit and individual retirement accounts.
The FDIC as Receiver for Barnes Banking Company, Kaysville, UT has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on February 28, 2024 and has made all dividend distributions required by law.
Effective February 1, 2025, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED

Notice of Termination
Effective Date: February 1, 2025

Notice of Intent to Terminate
Publication Date: February 28, 2024
Dividend Information
Report on dividends paid
Press Release
Official press release
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TRANSACTION DOCUMENTATION
Purchase & Assumption Agreement
Agreement between FDIC and acquiring institution
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