Useful Resource from the FDIC: Bank Insurance Calculator
May 13, 2008
On May 9, 2008, ANB Financial, NA, Bentonville, Arkansas was closed by the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. All insured deposit accounts have been transferred to Pulaski Bank and Trust Company, Little Rock, Arkansas and will be available immediately. In nearly every bank failure there are uninsured depositors who have to wait for the FDIC to sell off the assets of the failed bank before collecting back a percentage of their uninsured deposit. The FDIC has made available to consumers an interactive calculator which will clear up issues regarding business accounts, payable-on-death accounts, living trust accounts, and IRA accounts. The FDIC calculator can be found here.
