Each depositor insured to at least $250,000 per insured bank

1. Introduction
2. Press Release
3. Acquiring Financial Institution
4. Priority of Claims
5. Dividend Information
6. Purchase and Assumption Agreement (3.6 MB PDF File - PDF Help)
7. Receivership Termination

On January 25, 2008, Douglass National Bank, Kansas City, MO was closed by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.  No advance notice is given to the public when a financial institution is closed.

The FDIC, as Receiver, as taken all necessary actions to conclude the affairs of the failed financial institution, made all dividend distributions as required by law and the receivership estate is deemed terminated.

The FDIC has issued a press release (PR-7-2008) about the institution’s closure.  If you represent a media outlet and would like information about the closure, please contact David Barr at 202-898-6992.

All deposit accounts have been transferred to Liberty Bank and Trust Company, New Orleans, LA ("assuming institution") and will be available as usual.  Office hours will resume Monday January 28, 2008 at the former Douglass National Bank.

You may contact Liberty Bank and Trust Company at:

Liberty Bank and Trust Company
6600 Plaza Drive, Suite 600
New Orleans, LA 70127

For general questions about FDIC deposit insurance coverage, please call 1-877-275-3342 or visit EDIE, the FDIC's Electronic Deposit Insurance Estimator.

EDIE - FDIC's Electronic Deposit Insurance Estimator

In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:

The FDIC as Receiver for the Douglass National Bank has taken all actions necessary to terminate the Receivership Estate.

The Receiver published a legal notice of intent to terminate the receivership on May 21, 2012.

The Receiver has made all dividend distributions required by law.

Effective August 16, 2012, the Receivership Estate has been terminated, the Receiver was discharged and the Receivership Estate ceased existence as a legal entity.