Silverton Bankhttp://www.silvertonbank.com/power of partnership
go
flash placeholder

   

FDIC Information for Silverton Bank, National Association, Atlanta, Georgia

 

On Friday, May 1, 2009, Silverton Bank, National Association, Atlanta, Georgia was closed by the Office of the Comptroller of the Currency (OCC). Subsequently, the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.

 

Silverton Bridge Bank, N.A. has been chartered as a new national bank by the OCC and controlled by the FDIC in accordance with section 11(n) of the Federal Deposit Insurance Act. A bridge bank allows a failed bank to be liquidated in an orderly fashion.

The FDIC has assembled useful information regarding your relationship with Silverton Bank.

Please select the link below to read more about this event:

FDIC Bank Closing Information for Silverton Bank

**************************************************************

 

Silverton's Merchant bank portfolio was purchased by Merchants' Choice Payment Solutions.  Click here for more information.

 

 

 

 

Silverton Bank, N.A. is participating in the FDIC's Transaction Account Guarantee Program. Under that program, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account through December 31, 2009. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. Accounts that sweep into overnight Fed Funds are not considered non-interest bearing; therefore, they will not be covered under the FDIC’s Transaction Account Guarantee Program.

What’s New?

ALL NEWS