Failed Bank Information for BC National Banks, Butler, MO
On Friday, April 30, 2010, BC National Banks was closed by the Office of the Comptroller of the Currency. The FDIC was named Receiver. Community First Bank, Butler, MO acquired all deposit accounts.
The FDIC as Receiver for BC National Banks, Butler, MO has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on April 19, 2018 and has made all dividend distributions required by law.
Effective August 1, 2018, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status
TERMINATED
Notice of Termination (www.federalregister.gov)
Effective Date: August 1, 2018
Notice of Intent to Terminate (www.federalregister.gov)
Publication Date: April 19, 2018
Beware of scams!
Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
ACQUIRING INSTITUTION: COMMUNITY FIRST BANK
About Community First Bank
All deposit accounts were transferred to Community First Bank, Butler, MO ("assuming institution"). Former BC National Banks locations reopened as branches of Community First Bank.
Your transferred deposits were separately insured from any accounts you may have already had at Community First Bank for at least six months after the failure of BC National Banks.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Community First Bank as long as the deposits are not pledged as collateral for loans.
Contacting Community First Bank
You can contact Community First Bank:
Community First Bank
915 West Fort Scott Street
Butler, MO 64730
Community First Bank (www.communityfirstbank.net)
Transaction Documentation
Purchase & Assumption Agreement - PDF
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank