2017 FDIC Insured Failed Banks |
April 28, 2017: First NBC Bank, New Orleans, LA was closed by the
Louisiana Office of Financial Institutions, and the Federal Deposit
Insurance Corporation (FDIC) was named Receiver. Successor Bank: All transactional deposit accounts (checking, savings, NOW, and money market) have been transferred to Whitney Bank, Gulfport, MS. The FDIC mailed checks for the total balance of time deposit accounts, including certificates of deposit (CDs), individual retirement accounts (IRAs), and brokered deposits on May 1, 2017.
Whitney
Bank History: 2006: Established as First NBC 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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First NBC Bank 210 Baronne Street New Orleans, LA 70112 |
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Established as First NBC Bank |
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Cost to FDIC: 997 million |
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