Failed Bank Information for Excel Bank, Sedalia, MO
On Friday, October 19, 2012, Excel Bank was closed by the Missouri Division of Finance. The FDIC was named Receiver. Simmons First National Bank, Pine Bluff, AR acquired all deposit accounts.
The FDIC as Receiver for Excel Bank, Sedalia, MO has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on May 7, 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.
Notice of Termination (www.federalregister.gov)
Effective Date: August 1, 2018
Notice of Intent to Terminate (www.federalregister.gov)
Publication Date: May 7, 2018
Report on dividends paid
Official press release
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: SIMMONS FIRST NATIONAL BANK
About Simmons First National Bank
All deposit accounts, including brokered deposits, were transferred to Simmons First National Bank, Pine Bluff, AR ("assuming institution"). Former Excel Bank locations reopened as branches of Simmons First National Bank.
Your transferred deposits were separately insured from any accounts you may have already had at Simmons First National Bank for at least six months after the failure of Excel Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Simmons First National Bank as long as the deposits are not pledged as collateral for loans.
Contacting Simmons First National Bank
Simmons First National Bank has changed its legal name and is currently doing business as Simmons Bank.
You can contact Simmons Bank:
501 Main Street
Pine Bluff, AR 71611
Simmons Bank (simmonsbank.com)
Purchase & Assumption Agreement – PDF (7Mb)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank