Replies to post #39874 on United Western Bancorp Inc (fka UWBKQ)

[iPrelude]

Hi NewToGame¡¡,
this is the way i see this:

https://www.fdic.gov/bank/individual/failed/unitedwestern.html#dividends


VIII. Priority of Claims

In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:
Depositors
General Unsecured Creditors
Subordinated Debt
Stockholders

So we are still in the Depositors tranche, which in other cases (see Washington Mutual)



was paid in full (only) weeks after the seizure


On the other hand, somehow, The FDIC-R process of United Western has generated monies that have meant payments/"dividends" to the depositors tranche as time has gone

[iPrelude]

https://www.fdic.gov/news/news/press/2011/pr11013.html

As of September 30, 2010, United Western Bank had approximately $2.05 billion in total assets and $1.65 billion in total deposits. First-Citizens Bank & Trust Company did not pay the FDIC a premium for the deposits of United Western Bank. In addition to assuming all of the deposits of the failed bank, First-Citizens Bank & Trust Company agreed to purchase essentially all of the assets.

Is this compatible with this?



Apparently it is ( https://www.fdic.gov/about/contact/directory/ )

GLTA