Federal Deposit Insurance Corporation
Dallas Regional Office
1601 Bryan Street, Dallas, TX, 75201
October 26, 2012
To Whom It May Concern:
On Friday, October 26, 2012, the Pennsylvania Department of Banking and Securities closed NOVA Bank, Berwyn, PA. Subsequently, the Federal Deposit Insurance Corporation (FDIC) was appointed as Receiver. According to regulatory policy, there is no advance notice given to the public.
Because there was not an acquiring financial institution to purchase the deposits, any outstanding checks are being returned “Bank Closed”. This situation was the result of the bank failure and is not a reflection on the depositors of the bank.
Since depositors of the NOVA Bank were not aware of the potential receivership, they believed their checks would clear in the normal course of business. Therefore, we ask that you consider waiving any returned check charges and penalties due to these special circumstances.
Your cooperation and understanding are greatly appreciated. Should you have any questions or concerns regarding this matter, please contact the FDIC Call Center for NOVA Bank at 1-800-830-3256 for further assistance.
Sincerely,
Federal Deposit Insurance Corporation
Division of Resolutions and Receiverships