The remaining assets of the company will be distributed among its investors and shareholders.
Profits are not distributed among members, or external shareholders, but returned to the community.
A largely arbitrary price of $250 a share was set in 1988 for a stock split among shareholders.
Anger among shareholders and the public at soaring executive pay has been growing in recent years.
"We had nearly unanimous agreement among shareholders that this was the best course to take," she said.
To them, it would have made more sense to divide the insurance proceeds among shareholders and then sell the property.
There is an ownership dispute among shareholders in the stock of the bank.
Other factors have increased concerns among shareholders about the proposal in recent weeks.
"There is still a lot of anger and frustration among shareholders right now."
Still, many of the new ventures cause inner turmoil among shareholders.