A state court in Manhattan has authorized New York State Superintendent of Banks Neil D. Levin to release almost $40 million in frozen check proceeds to customers of the failed Nationar.

The 31 customers include 15 thrifts, two financial services companies, and seven retail companies. The largest recipients are Bank Leumi, with $8 million; GP Financial Inc., with $5.8 million; and First Dewitt Savings Bank, with $4.7 million.

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