On December 17, 2002, The Farmers Bank & Trust of Cheneyville,
Cheneyville, LA, was closed by the State of Louisiana, Office of
Financial Institutions, 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.
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.