- Press Release
- Acquiring Financial Institution
- Priority of Claims
- Dividend Information
- Purchase and Assumption Agreement (4 MB PDF File - PDF Help)
- Bid Summary
- Receivership Termination
On Friday, July 8, 2011, Signature Bank, Windsor, CO was closed by the Colorado Division of Banking, and 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, 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.Back to top
The FDIC has issued a press release (PR-119-2011) about the institution's closure. If you represent a media outlet and would like information about the closure, please contact LaJuan Williams-Young at 1-202-898-3876.Back to top
All deposit accounts, including brokered deposits, have been transferred to Points West Community Bank, Julesburg, CO ("assuming institution") and will be available immediately. The former Signature Bank locations will reopen as branches of Points West Community Bank during regular business hours.
You may contact Points Wes Community Bank at:
Points West Community Bank
100 East Third Street
Julesburg, CO 80737
For general questions about FDIC deposit insurance coverage, please call 1-877-275-3342 or visit EDIE, the FDIC's Electronic Deposit Insurance Estimator.
In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:
- General Unsecured Creditors
- Subordinated Debt
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The FDIC as Receiver for Signature Bank has taken all actions necessary to terminate the Receivership Estate.
The Receiver published a legal notice of intent to terminate the receivership on July 10, 2011.
The Receiver has made all dividend distributions required by law.
Effective October 15, 2012, the Receivership Estate has been terminated, the Receiver was discharged and the Receivership Estate ceased existence as a legal entity.Back to top General Disclaimer