[Federal Register Volume 79, Number 111 (Tuesday, June 10, 2014)]
[Notices]
[Pages 33193-33194]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-13423]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Withdrawal of Determination of Insufficient Assets To Satisfy 
Claims Against Financial Institution in Receivership

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice.

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SUMMARY: The FDIC has withdrawn and set aside its determination that 
insufficient assets exist in the receivership of Colonial Bank, 
Montgomery, Alabama, to make any distribution on general unsecured 
claims and that such claims have no value.

DATES: The FDIC withdrew its determination on June 4, 2014.

FOR FURTHER INFORMATION CONTACT: If you have questions regarding this 
notice, you may contact an FDIC Claims Agent at (972) 761-8677. Written 
correspondence may also be mailed to FDIC as Receiver of Colonial Bank, 
Attention: Claims Agent, 1601 Bryan Street, Dallas, Texas 75201.

SUPPLEMENTARY INFORMATION: On April 15, 2013, the FDIC determined that 
the assets of Colonial Bank, Montgomery, Alabama, were insufficient to 
make any distribution on general unsecured claims, and that such claims 
therefore had no value. Notice of the determination was published in 
the Federal Register on April 19, 2013. 78 FR 23565. The FDIC has now 
withdrawn its determination because the Receivership's theoretically 
possible recoveries have been revised upward as a result of changed 
circumstances and could possibly exceed the previously

[[Page 33194]]

calculated $1.698 billion deficit, which in turn could possibly result 
in payment on non-deposit claims under the most favorable 
circumstances.

    Dated: At Washington, DC, June 4, 2014.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2014-13423 Filed 6-9-14; 8:45 am]
BILLING CODE 6714-01-P