Springfield Bank's Receivership Concluded by FDIC
August 06, 2025
August 06, 2025
WASHINGTON, Aug. 6 (TNSFR) -- The Federal Deposit Insurance Corporation has concluded its role as receiver for Independent Bankers' Bank in Springfield, Illinois. The termination was effective on August 1, 2025.
As receiver, the FDIC had the responsibility of winding up the bank's affairs and converting all assets to cash. Following the completion of this process, the FDIC fulfilled its legal duty to distribute all dividends to creditors. With all obligations met, the rece . . .
As receiver, the FDIC had the responsibility of winding up the bank's affairs and converting all assets to cash. Following the completion of this process, the FDIC fulfilled its legal duty to distribute all dividends to creditors. With all obligations met, the rece . . .