Federal regulators continue to shutdown banks throughout the U.S. and either the media doesn’t report the information or we just don’t care. In the month of October, 12 banks closed in the U.S. and unless you had an account at one of these banks you would not have known.
First Arizona Savings was closed on October 22, 2010 and no bank acquired its assets. This means the FDIC had to take control and liquidate all assets. As for the Safe Deposit Boxes, here is an excerpt of what you would have to do if you had a safe deposit box at this bank:
37. How can I claim the contents of my safe deposit box?
You have until November 22, 2010 to remove the contents of your safe deposit box. Please call the FDIC at 1-800-830-4698 to schedule an appointment to close your safe deposit box.
Please be advised if you do not clear your safe deposit box before that date, the box will be drilled under dual control and the contents removed. The contents will be dealt with according to the law of the state of Arizona. You will receive a letter at the address listed on the bank’s record prior to your box being drilled.
If you prepaid your safe deposit box rental fees to First Arizona Savings, you may file a claim with the FDIC to recover the unused fees. A letter explaining the claims process and the Proof of Claim form will be mailed to you.
How sound is your bank, do you know? I suggest you check; go to FDIC.com and find out. Good Luck! Federal regulators continue to shutdown banks throughout the U.S. and either the media doesn’t report the information or we just don’t care. In the month of October, 12 banks closed in the U.S. and unless you had an account at one of these banks you would not have known.
First Arizona Savings was closed on October 22, 2010 and no bank acquired its assets. This means the FDIC had to take control and liquidate all assets. As for the Safe Deposit Boxes, here is an excerpt of what you would have to do if you had a safe deposit box at this bank:
37. How can I claim the contents of my safe deposit box?
You have until November 22, 2010 to remove the contents of your safe deposit box. Please call the FDIC at 1-800-830-4698 to schedule an appointment to close your safe deposit box.
Please be advised if you do not clear your safe deposit box before that date, the box will be drilled under dual control and the contents removed. The contents will be dealt with according to the law of the state of Arizona. You will receive a letter at the address listed on the bank’s record prior to your box being drilled.
If you prepaid your safe deposit box rental fees to First Arizona Savings, you may file a claim with the FDIC to recover the unused fees. A letter explaining the claims process and the Proof of Claim form will be mailed to you. How sound is your bank, do you know? I suggest you check; go to FDIC.com and find out. Good Luck!