{{1-31-93 p.C-1715}}
[¶10,394] In the Matter of U.S. Bank of Utah, Salt Lake City, Utah, Docket No. FDIC-91-352q (12-4-91).
FDIC terminates insurance of Bank whose liabilities have been assumed by another Bank.
In the Matter of
U.S. BANK OF UTAH
SALT LAKE CITY, UTAH
(Insured State Nonmember Bank)
ORDER OF APPROVAL OF
TERMINATION OF
INSURANCE
Pursuant to section 8(q) of the Federal Deposit Insurance Act (the "Act"), 12 U.S.C. § 1818(q), and section 18(i)(3) of the Act, 12 U.S.C. § 1828(i)(3), the Federal Deposit Insurance Corporation ("FDIC"), having found that U.S. Bank of Utah, Salt Lake City, Utah ("U.S. Bank Utah"), has provided to the FDIC on September 10, 1991, satisfactory evidence that its liabilities for deposits have been assumed by U.S. Bank, National Association, Beaverton, Oregon ("U.S. Bank - Oregon"), on September 6, 1991, and that U.S. Bank -Oregon has notified U.S. Bank - Utah's depositors of its assumption of their deposits, hereby issues the following ORDER:
ORDER
IT IS HEREBY ORDERED, that the status of U.S. Bank - Utah as an insured state nonmember bank has been, and hereby is, terminated at the expiration of September 10, 1991.
IT IS FURTHER ORDERED, that the separate insurance deposits assumed by U.S. Bank - Oregon from U.S. shall terminate at the expiration of March 6, 1992 case of any time deposit, the earliest maturity date March 6, 1992, as provided in section 8(q) of the Act, 12 U.S.C. § 1818(q).
Dated at Washington, D.C., this 4th day of December, 1991.
Pursuant to delegated authority.
