That’s because in those cases the FDIC receives the assets from the bank and distributes those. If they didn’t receive enough funds, individual depositors would not receive extra coverage from the FDIC
A quick google search showed that this happens to about 6% of accounts over the insured limit
That’s because in those cases the FDIC receives the assets from the bank and distributes those. If they didn’t receive enough funds, individual depositors would not receive extra coverage from the FDIC
A quick google search showed that this happens to about 6% of accounts over the insured limit