On July 23, 2010, Thunder Bank, Sylvan Grove, KS was closed by the Office of the State Bank Commissioner. The Federal Deposit Insurance Corporation (FDIC) was named Receiver. As Receiver, the FDIC 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 FDIC, as Receiver, as 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.
| Back to top |
| II. Press Release |
| The FDIC has issued a press release about the institution's closure. If you represent a media outlet and would like information about the closure, please contact the FDIC Public Affairs Office at (202) 898-6993. |
| Back to top |
| III. Acquiring Financial Institution |
All insured deposit accounts were transferred to The Bennington State Bank, Salina, KS and were available as usual during regular business hours at the former Meridian Bank branches.
You may contact The Bennington State Bank at :
The Bennington State Bank
2130, South Ohio Street
Salina, KS 67401
|
| Back to top |
| V. 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:
Depositors
General Unsecured Creditors
Subordinated Debt
Stockholders
|
| Back to top |
|
VI. Dividend Information |
| |
Dividend Information on Failed Financial Institutions |
| Back to top |
| IX. Receivership Termination |
The FDIC as Receiver for Thunder Bank has taken all actions necessary to terminate the Receivership Estate.
The Receiver published a legal notice of intent to terminate the receivership on February 07, 2012.
The Receiver has made all dividend distributions required by law.
Effective May 10, 2012, the Receivership Estate has been terminated, the Receiver was discharged and the Receivership Estate ceased existence as a legal entity. |
| General Disclaimer |
| Back to top |
|
