2008 FDIC Insured Failed Banks |
May 9, 2008: ANB Financial, N.A., Bentonville, AR was closed by the Office of the Comptroller of the Currency (OCC). The Federal Deposit Insurance Corporation (FDIC) was named Receiver. As of January 31, 2008, ANB Financial had $2.1 billion in assets and $1.8 billion in total deposits. Successor Bank: All deposit accounts, including brokered deposits, have been transferred to Pulaski Bank and Trust Company.
Pulaski Bank and Trust
Company
History:
Established in 1994 as Arkansas
National Bank ► Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage. ► It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account. ► For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed Account Search |
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ANB Financial
N.A. 706 South Walton Blvd Bentonville, AR 72712 |
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Established in 1994 as Arkansas National Bank |
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Cost to FDIC: $214 million |
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