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    OCC closes Citizens National Bank
    2009-05-22

    Today, the Office of the Comptroller of the Currency closed Citizens National Bank, headquartered in Macomb, Illinois, and the FDIC was appointed receiver.

    Filed under:
    USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Share (finance), Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation (USA)
    Location:
    USA
    Firm:
    Alston & Bird LLP
    Seaway Bank and Trust Company assumes all of the deposits of First Suburban National Bank
    2010-10-25

    On Friday, the Office of the Comptroller of the Currency closed First Suburban National Bank, headquartered in Maywood, Illinois, and appointed the FDIC as receiver.

    Filed under:
    USA, Illinois, Banking, Insolvency & Restructuring, Alston & Bird LLP, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation (USA)
    Authors:
    Sarah Whitlock
    Location:
    USA
    Firm:
    Alston & Bird LLP
    United Bank assumes all of the deposits of The First National Bank of Barnesville
    2010-10-25

    On Friday, the Office of the Comptroller of the Currency closed The First National Bank of Barnesville, headquartered in Barnesville, Georgia, and appointed the FDIC as receiver.

    Filed under:
    USA, Georgia, Banking, Insolvency & Restructuring, Alston & Bird LLP, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation (USA)
    Authors:
    Sarah Whitlock
    Location:
    USA
    Firm:
    Alston & Bird LLP
    CenterState Bank of Florida assumes deposits of two failed Florida banks
    2010-08-23

    On Friday, the Office of the Comptroller of the Currency closed Community National Bank at Bartow [http://www.occ.treas.gov/ftp/release/2010-101.htm], headquartered in Bartow, Florida, and Independent National Bank, headquartered in Ocala, Florida, and appointed the FDIC as receiver.

    Filed under:
    USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation (USA)
    Authors:
    Jessica Hartzog
    Location:
    USA
    Firm:
    Alston & Bird LLP
    First Citizens Bank bank and trust company assumes all of the deposits of Williamsburg First National Bank
    2010-07-25

    On Friday, the Office of the Comptroller of the Currency closed Williamsburg First National Bank, headquartered in Kingstree, South Carolina, and appointed the FDIC as receiver for the bank.

    Filed under:
    USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Share (finance), Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation (USA)
    Authors:
    Ian Grant
    Location:
    USA
    Firm:
    Alston & Bird LLP
    RCB Bank assumes all of the deposits of Home National Bank
    2010-07-12

    On Friday, the Office of the Comptroller of the Currency closed Home National Bank, headquartered in Blackwell, Oklahoma, and the FDIC was appointed receiver.

    Filed under:
    USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation (USA)
    Authors:
    Jarrett Ellis
    Location:
    USA
    Firm:
    Alston & Bird LLP
    OCC approves first use of "shelf charter" to acquire failed bank
    2010-01-25

    The Office of the Comptroller of the Currency approved the first use of a "shelf charter" for the acquisition of a failed bank, allowing Bond Street Bank, National Association, to acquire a Florida bank that was placed in receivership on January 22nd. The "shelf charter" is a mechanism that involves the granting of preliminary approval to investors for a national bank charter. The charter remains inactive until the investor group is in a position to acquire a troubled institution.

    Filed under:
    USA, Banking, Insolvency & Restructuring, Winston & Strawn LLP, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation (USA)
    Location:
    USA
    Firm:
    Winston & Strawn LLP

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