I didn’t think they did payouts anymore (there was one some weeks ago, but that bank had no depositers if I remember the story)
If the insured deposits outstrip the value of assets on the books and cash on hand, there’s money coming in from the FDIC somewhere, whether it’s publicized as a payout or not, imho.
Since the IndyMac panic, they’ve been at pains to avoid calling them bank failures, and arranging “takeovers” with no interruption of service, just start dealing with a different institution the following Monday, or Tuesday if there’s a holiday.
That’s why I asked if it was bad news in general, since there apparently was no financial institution willing to take on servicing the depositors, or if this one was a particular basket case.