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[¶10,409] In the Matter of Liberty Bank and Trust, Gibbsboro, New Jersey, Docket No. FDIC-91-225p (12-19-91).
FDIC terminates insurance of institution no longer engaged in the business of receiving deposits.
In the Matter of
LIBERTY BANK AND TRUST
GIBBSBORO, NEW JERSEY
(Insured State Nonmember Bank)
ORDER OF TERMINATION
OF INSURANCE
Pursuant to section 8(p) of the Federal Deposit Insurance Act, 12 U.S.C. § 1818(p), the Federal Deposit Insurance Corporation ("FDIC") hereby finds that Liberty Bank and Trust, Gibbsboro, New Jersey ("Insured Institution"), is not engaged in the business of receiving deposits, other than trust funds, and issues the following ORDER:
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ORDER
IT IS HEREBY ORDERED, that the status of the Insured Institution as an insured State nonmember bank be, and hereby is, terminated at the expiration of June 30, 1992.
IT IS FURTHER ORDERED, that the Insured Institution notify its depositors, if any, of the termination of its insured status no later than May 31, 1992, in the manner required by section 308.124(c) of the FDIC's Rules of Practice and Procedure, 56 Fed. Reg. 37,968, 37,991 (1991) (to be codified at 12 C.F.R. § 308.124(c)).
Dated at Washington, D.C., this 19th day of December, 1991.
Pursuant to delegated authority.
