The state Banking Department has paid out another $59.6 million to creditors of Nationar, a failed check-clearing company that had been owned by the state's thrifts.

The payment, which was authorized by the state Supreme Court in New York City, was the second that state banking officials has made to creditors. So far, the state has paid out more than $300 million, covering 100% of the amounts due to creditors other than subordinated debtholders and stockholders.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.