Jun. 22 at 4:56 PM
$SBNY FDIC
600 North Pearl Street
Suite 700
Dallas, Texas 75201
Attn: Claims Department
https://closedbanks.fdic.gov/dividends/
Priority of Dividends:
All receiverships established after August 10, 1993, must distribute dividends according to the Federal Deposit Insurance Act, 12 U.S.C. § 1821(d)(11)(A), which mandates the following payment priorities:
1. Administrative expenses of the Receiver;
2. Any deposit liability of the institution (Priority Paid – Depositor);
3. Any other general or senior liability of the institution (Priority Paid - General Trade Creditor);
4. Any subordinated obligations (Priority Paid – Sub Debt);
5. Any obligations to the shareholders or members (including holding companies and their creditors) (Priority Paid – Shareholders).
