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Failed Bank Report:
Claim
FDIC Insured Accounts
at Failed Banks Paramount Bank - Farmington Hills, MI |
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Failed Bank Report:
Claim
FDIC Insured Accounts
at Failed Banks Paramount Bank - Farmington Hills, MI |
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December 10, 2010:
Paramount Bank, Farmington Hills, MI was closed by the Michigan Office of
Financial and Insurance Regulation.
The Federal Deposit Insurance Corporation was named receiver.
Successor Bank: All deposit accounts, excluding certain brokered deposits, have been transferred to Level One Bank, Farmington Hills, Michigan. Level One Bank History:
Established in 1998 as Paramount Bank
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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 or safe deposit box go to: Abandoned Funds Search
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| 2010 FDIC Insured Failed Banks | |
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Paramount Bank 31000 Northwestern Highway Farmington Hills, MI 48334 |
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Established |
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| Cost to FDIC: $90 million | |
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| © 2014 NUPA - NATIONAL UNCLAIMED PROPERTY ASSOCIATES |
