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State appoints FDIC receiver for Oakwook Deposit Bank

At 2:01 p.m., February 1, 2002, at the request of the bank’s board of directors, the Superintendent of Financial Institutions accepted possession of The Oakwood Deposit Bank Company and appointed the Federal Deposit Insurance Corporation receiver for the bank.  The principal place of business of the bank is 218 North First Street, Oakwood, Ohio in Paulding County; the bank’s only branch is at100 South Main Street, Grover Hill, Ohio, also in Paulding County.  Customers of the bank may reach the Federal Deposit Insurance Corporation at 1-877-367-2718.  Customers can also contact the bank at 1-419-594-3333.

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Note to Editors:  Media can contact David Barr of the Federal Deposit Insurance Corporation at 202-898-6992 for information on the receivership process. The FDIC website, http://www.fdic.gov is also a good source of information.

The Ohio Department of Commerce's Division of Financial Institutions regulates Ohio's state-chartered financial institutions.  In addition to financial institutions, Commerce also regulates securities, industrial compliance, fire codes, unclaimed funds, liquor, worker safety and real estate, among other industries.  The department's internet address is www.com.state.oh.us

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