Alva Review-Courier -

FDIC to end bank's receivership

 

August 31, 2017



The Federal Deposit Insurance Corp. intends to terminate its receivership of the Freedom State Bank, after more than three years, the agency said in a notice in the Federal Register.

The FDIC said it has liquidated the bank's receivership assets, and will be making a final dividend payment to proven creditors.

Freedom State Bank failed in 2014, and Alva State Bank & Trust Co. bought some of the bank's assets. The FDIC took control of the remaining assets.

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