多宝游戏下载

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Bank Failures

Failed Bank Information for The National State Bank of Metropolis, Metropolis, IL

Information for The National State Bank of Metropolis, Metropolis, IL

  1. Introduction
  2. Press Release
  3. Acquiring Financial Institution
  4. Priority of Claims
  5. Dividend Information
  6. Receivership Termination

I.  Introduction

On December 14, 2000, The National State Bank of Metropolis, Metropolis, IL was closed by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (多宝游戏下载) was named Receiver. As Receiver, the 多宝游戏下载 is charged with winding up the business affairs of the failed financial institution. This includes the disposition of assets and liabilities of the failed financial institution and payment of dividends to approved creditors in order of priority.

The 多宝游戏下载, as Receiver, has taken all necessary actions to conclude the affairs of the failed financial institution, made all dividend distributions as required by law and the receivership estate is deemed terminated.


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II.  Press Release

The 多宝游戏下载 issued a about the institution鈥檚 closure.  If you represent a media outlet and would like information about the closure, please contact the 多宝游戏下载 Public Affairs Office at (202) 898-6993.


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III.  Acquiring Financial Institution

All insured deposit accounts were transferred to Banterra Bank of Marion, Marion, IL and were available as usual during regular business hours at the following Banterra Bank's office:

101 W. 8th Street
Metropolis, IL 62960
Phone: (618) 524-9316


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IV.  Priority of Claims

The dividend process is complete. In accordance with Federal law, allowed claims are paid, after administrative expenses, in the following order of priority:

  1. Depositors
  2. General Unsecured Creditors
  3. Subordinated Debt
  4. Stockholders


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V.  Dividend Information


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VI.  Receivership Termination

The 多宝游戏下载, as Receiver for The National State Bank of Metropolis, Metropolis, IL has taken all actions necessary to terminate the Receivership Estate.

The Receiver published legal notice of intent to terminate the receivership in the Paducah Sun, Paducah, KY on December 23, 2002.

The Receiver has made all dividend distributions required by law.

Effective March 17, 2005, the Receivership Estate has been terminated, the Receiver discharged, and the Receivership Estate has ceased to exist as a legal entity.


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General Disclaimer

Last Updated: March 17, 2005