[Federal Register Volume 59, Number 71 (Wednesday, April 13, 1994)] [Unknown Section] [Page 0] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 94-8800] [[Page Unknown]] [Federal Register: April 13, 1994] ======================================================================= ----------------------------------------------------------------------- FEDERAL DEPOSIT INSURANCE CORPORATION Determination of Insufficiency of Assets To Satisfy All Claims of Certain Financial Institutions in Receivership AGENCY: Federal Deposit Insurance Corporation. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: In accordance with the authorities contained in 12 U.S.C. 1821(c), the Federal Deposit Insurance Corporation (FDIC) was duly appointed receiver for each of the financial institutions specified in SUPPLEMENTARY INFORMATION. The FDIC has determined that the proceeds which can be realized from the liquidation of the assets of the below listed receivership estates are insufficient to wholly satisfy the priority claims of depositors against the receivership estates. Therefore, upon satisfaction of secured claims, depositor claims and claims which have priority over depositors under applicable law, no amount will remain or will be recovered sufficient to allow a dividend, distribution or payment to any creditor of lessor priority, including but not limited to, claims of general creditors. Any such claims are hereby determined to be worthless. FOR FURTHER INFORMATION CONTACT: Keith Ligon, Counsel, Legal Division, FDIC, 1717 H Street, NW., Washington, DC 20006. Telephone: (202) 736- 0160. SUPPLEMENTARY INFORMATION: Financial Institutions in Receivership Determined To Have Insufficient Assets To Satisfy All Claims Placer Bank of Commerce, #4469 Roseville, California Valley Commercial Bank, #4479 Roseville, California Investors Bank and Trust Company, #4547 Gretna, Louisiana Dated: April 7, 1994. Federal Deposit Insurance Corporation. Robert E. Feldman, Acting Executive Secretary. [FR Doc. 94-8800 Filed 4-12-94; 8:45 am] BILLING CODE 6714-01-M