In liquidation, they would be treated at general creditors, behind the policyholders in liquidation preference. (alephblog.com)
In the event of the failure of PNC Bank, deposits with PNC Bank Canada Branch would be treated as unsecured general liabilities, and creditors would be considered general creditors of PNC Bank. (pnc.com)
Representation of the Trustee in the SIPA liquidation of Lehman Brothers Inc. in numerous general creditor claims litigations (hugheshubbard.com)