Page 3A The Champion Free Press, Friday, March 9, 2012
Continued From Page 2A
Henderson Middle studentwins district spelling bee
NOTICE TO CREDITORS AND DEPOSITORS OFGLOBAL COMMERCE BANKDORAVILLE, GEORGIA
March 2, 2012
(the “Closing Date”), the Georgia Department of Banking and Finance closed
Global Commerce Bank, Doraville, Georgia30340
(the “Failed Institution”) and appointed theFederal Deposit Insurance Corporation as Receiver (the “Receiver”) to handle all matters relatingto the Failed Institution.
TO THE CREDITORS OF THE FAILED INSTITUTION
All creditors having claims against the Failed Institution must submittheir claims in writing, togetherwith proof of the claims, to the Receiver
on or beforeJune 6, 2012
(the “Claims Bar Date”). Claimsmay be submitted via the internet on the FDIC web site, by fax or by mail to the following address:FDIC as Receiver of Global Commerce Bank7777 Baymeadows Way West, Jacksonville, FL 32256Attention: Claims AgentYou can obtain an official Proof of Claim form and instructions at www.fdic.gov or by calling (904)256-3925.
Under federal law, failure to file a claim on or before the Claims Bar Date will result indisallowance of the claim by the Receiver. The disallowance will be final. 12 U.S.C. Section1821(d)(5)(C).
NOTE TO CLASS CLAIMANTS: By law, the Receiver will not accept a claim filed on behalf of aproposed class of individuals or entities or a class of individuals or entities certified by a court.EACH individual or entity must file a separate claim with the Receiver.
TO THE DEPOSITORS OF THE FAILED INSTITUTION
The Federal Deposit Insurance Corporation, which insures your deposits in its corporate capacity(the “FDIC”), arranged for the transfer of all deposits (“Deposits”) - including the uninsured amounts- at the Failed Institution to another insured depository institution, Metro City Bank, Doraville, Georgia30340 (the “New Institution”). This arrangement should minimize any inconvenience from the closingof the Failed Institution.
You may leave your Deposits in the New Institution, but you musttake action to claim ownership of your Deposits
.Federal law, 12 U.S.C. Section 1822(e), requires you to claim ownership of (“claim”) your Depositsat the New Institution by taking any of the following actions within
months from the Closing Date.If you have more than one account, your action in claiming your Deposit in one account willautomatically claim your Deposits in all of your accounts.1.Make a deposit to or withdrawal from your account(s). This includes writing a check on anyaccount, having an automated direct deposit credited to or an automated withdrawal debitedfrom any account or closing the account;2.Execute a new signature card on your account(s), enter into a new deposit agreement with theNew Institution, change the ownership on your account(s), or renegotiate the terms of yourcertificate of deposit account(s) (if any);3.Provide the New Institution with a completed change of address form; or4.Write to the New Institution and notify it that you wish to keep your account(s) active with theNew Institution. Please be sure to include the name of the account(s), the account number(s),the signature of an authorized signer on the account(s) and a name and address.Please be advised that Official Items issued by the Failed Institution, e.g., cashier’s checks, dividendchecks, interest checks, expense checks, and money orders are all considered to be Deposits andmust be claimed within 18 months from the Closing Date.If you do not claim ownership of your Deposits at the New Institution within 18 months from theClosing Date, federal law requires the New Institution to return your Deposits to the FDIC, whichmay be required to deliver them as unclaimed property to the State indicated in your address onthe Failed Institution’s records. 12 U.S.C. Section 1822(e). If your address is outside of the UnitedStates, the FDIC may be required to deliver the Deposits to the State in which the Failed Institutionhad its main office. If the State accepts custody of your Deposits, you will have 10 years from thedate of delivery to claim your Deposits from the State. After 10 years, you will be permanently barredfrom claiming your Deposits.If the State does not take custody of your Deposits after the 18-month period, you may claimyour Deposits from the FDIC until the receivership of the Failed Institution is terminated. A receivershipmay be terminated at any time. Once the receivership terminates, you will not be able to claimyour Deposits.
eyes, and we’re the umpire,”Jester said.Both Jester and BoardVice Chairman
said the board votes on thefacts presented to it, and inthis case the board clearlywasn’t presented with solidfacts according to Jester andBowen.“The board approves thethings that come before it based on the validity of thedata and by law cannot beinvolved in the day-to-dayactivities of the district.Therefore there is no mecha-nism for a board member tond out the kind of detailsthat are being brought to usnow to cast an accurate vote,”Bowen said.Some members also ex- pressed dismay and said theissues that have been broughtto light had most likely de-railed all the work the boardhad done in the past to build public condence in theSPLOST program.“If we have gone any-where in building any goodwill in the way SPLOSTis managed I think we—asMr. Bowen said—may havecertainly undone that. It’svery, very bothersome tome,” board member
told board membersit was important to keep inmind “no money had beenmisplaced and nothing egre-gious occurred.”“They didn’t have in placea funding mechanism for the projects so they borrowedmoney. Now, the bill is com-ing due and we need to gureout a way to pay for it. So,let’s not mix apples and or-anges here,” Walker said.The board scheduled ameeting to discuss Atkinson’scorrective action plan and of-cials said a special meetingwill be scheduled to vote onthe plan.
“Hobbledehoy.” Thatwas the winning word inthe District 4 spelling beeon Feb. 25 in which the topthree spots went to DeKalbstudents.
, aneighth-grader at HendersonMiddle School won the beeand will go on to the statespelling bee on March 16.This was Nayak’s fourthtime participating in thedistrict bee and second timewinning.“There is a very strong possibility that she willwalk off with state,” said
, the spelling bee coordinator for District4. “She’s that good.”The second-place winner for the district was
, an eighth grader atRenfroe Middle School.
, a fth grader at Dunwoody ElementarySchool, won third place.
Silent Auction & Party
and Annual Meeting
KALB COVNTY COVRT HOVSE
March 236-8:30 P.M.Old Courthouse101 E. CourtSquare,Decatur.
Sample foods fromDeKalb’s best restaurants.Bid on food, art,theatre, services, travel,clothing, jewelry andother great items.
F r e e F ood & Dr i n ks pl u s i t e m s su c h a s a w e e k i n Ja m a i c a t o bi d on !
T h i s i s a f u n d r a i s e r, d o n a t i o n s a r e a p p r e c i a t e d.
Simola Nayak, left, won the District 4 spelling bee on Feb. 25 and will participate in the her secondstate spelling bee on March 16. Photo by Andrew Cauthen