[Federal Register Volume 62, Number 210 (Thursday, October 30, 1997)]
[Notices]
[Page 58732]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-28706]



[[Page 58732]]

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FEDERAL DEPOSIT INSURANCE CORPORATION


Determination of Insufficiency of Assets To Satisfy All Claims of 
Certain Financial Institution in Receivership

AGENCY: Federal Deposit Insurance Corporation.

ACTION: Notice.

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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 
worthless.

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.

SUPPLEMENTARY INFORMATION:

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,
Executive Secretary.
[FR Doc. 97-28706 Filed 10-29-97; 8:45 am]
BILLING CODE 6714-01-P