Ohio Unclaimed Funds: Peoples Community Bank of Ohio closed by FDIC - Claim Your Insured IRA, Savings Account or Certificate of Deposit

	July 31, 2009: Peoples Community Bank, West Chester, OH, was closed by the Office of Thrift Supervision. The Federal Deposit Insurance Corporation (FDIC) was named Receiver. As of March 31, 2009, Peoples Community Bank had total assets of $705.8 million and total deposits of approximately $598.2 million. The FDIC entered into a purchase and assumption agreement with First Financial Bank, National Association, Hamilton, Ohio, to assume all of the deposits of Peoples Community Bank. All deposit accounts have been transferred to First Financial Bank and are available immediately. On Monday, August 3, 2009, the nineteen former Peoples Community Bank locations reopened as branches of First Financial Bank, N.A. Transferred deposits will be separately insured from any accounts you may already have at First Financial Bank, N.A. for six months after the failure of Peoples Community Bank. All interest accrued through Friday, July 31, 2009, will be paid at your same rate; however First Financial Bank will be reviewing rates. First Financial Bank, National Association 300 High Street Hamilton, OH 45011 877.322.9530 http://www.bankatfirst.com First Financial Bank, N.A. will pay the FDIC a premium of 1.5 percent to assume all of the deposits of Peoples Community Bank. In addition to assuming all of the deposits of the failed bank, First Financial Bank, N.A. agreed to purchase essentially all of the assets. The FDIC and First Financial Bank, N.A. entered into a loss-share transaction on approximately $657.6 million of Peoples Community Bank's assets. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $129.5 million For additional information and assistance contact the FDIC at: 1-866- 954-9536; or go to: http://www.fdic.gov/bank/individual/failed/peoplescommunity-oh.html
2009 FDIC Insured Failed Banks




Peoples Community Bank 6100 West Chester Road West Chester, OH 45069 http://www.pcbionline.com
Established on 3/14/1889 as People's Bank, Loan And Savings Company
Assets: $706 million
Deposits: $598 million


Cost to FDIC: $130 million

History: Established on 03/14/1889 as People's Bank, Loan And Savings Company
10/31/1998 - Acquired The Peoples Building And Loan Company
03/29/2000 - Changed name to Peoples Community Bank
03/29/2000 - Acquired Harvest Home Savings Bank
03/29/2000 - Acquired The Oakley Improved Building And Loan Company
03/30/2001 - Changed name to Peoples Community Bank
03/30/2001 - Acquired Market Bank
06/10/2005 - Acquired American State Bank
12/16/2005 - Acquired Peoples Federal Savings Bank
06/09/2006 - Acquired The Mercantile Savings Bank

Consumer Alert

Unclaimed FDIC Insured Deposits

Note: There are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes ...

Depositors must claim an insured or transferred deposit within 18 months after the FDIC initiates the payment of insured deposits, or the successor institution must return the funds to the FDIC. Thereafter all rights of the depositor against the transferee institution are barred.

The FDIC then offers to remit the insured deposit to the custody of the unclaimed property administrator in the account owner's home state. If a state declines to accept, the right to claim ends with termination of the receivership. If a state accepts, the FDIC is deemed to have made payment to the depositor, and all rights of the depositor against the FDIC are barred.

Most - but not all - states allow claims in perpetuity, and there's a reversion clause. If a depositor does not claim the funds within 10 years of delivery, the deposit must then be returned to the FDIC, and all rights of the depositor against the state and the government are barred.

Be aware that due to the number of mergers and acquisitions in the banking industry over the years, it is possible you or a deceased family member might well have an account at a failed bank and not know it. Further, unclaimed safe deposit boxes at closed branches may be drilled and the contents sold at auction just weeks after closing, so prompt action is advised.

For assistance tracing and reclaiming a lost bank account or safe deposit box go to: Unclaimed Account Search

Creditor Claims: Claims against failed financial institutions occur when bills sent to the institution remain unpaid at the time of failure. Shortly after the failure, the FDIC sends notices directly to all known service providers to explain the claim filing process. If you provided a service for Peoples Community Bank and have not received a notice, please contact:

Federal Deposit Insurance Corporation
Receiver: Peoples Community Bank
1601 Bryan Street
Dallas, TX 75201
Attention: Claim Agent