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[¶10,675] In the Matter of The Okmulgee Savings and Loan Association, Okmulgee, Oklahoma, Docket No. FDIC-92-315a (11-24-92).
FDIC accepts institution's voluntary termination of insured status.
In the Matter of
THE OKMULGEE SAVINGS
AND LOAN ASSOCIATION
OKMULGEE, OKLAHOMA
(Insured State Chartered Savings and
Loan Association)
ORDER OF ACCEPTANCE
OF VOLUNTARY TERMINATION
OF INSURED STATUS
FDIC-92-315a
WHEREAS, pursuant to the provisions of section 8(a)(1) of the Federal Deposit Insurance Act ("Act"), 12 U.S.C. § 1818(a)(1), The Okmulgee Savings and Loan Association, Okmulgee, Oklahoma ("Insured Institution"), notified the Federal Deposit Insurance Corporation ("FDIC") by Resolution dated September 9, 1992, that it was no longer desirous of continuing its status as an insured state chartered savings and loan association and wished to voluntarily terminate its insured status; and
WHEREAS, pursuant to section 18(i) of the Act, 12 U.S.C. § 1828(i), the FDIC has considered the factors contained therein as they apply to the Insured Institution, and has determined that no reason exists to prevent the Insured Institution from voluntarily terminating its insured status.
THEREFORE, in consideration of the foregoing, and pursuant to the provisions of section 8(a)(1) of the Act, 12 U.S.C. § 1818(a)
{{7-31-94 p.C-2866}}(1), the FDIC herewith accepts the Insured Institution's notification of voluntary termination of insured status and issues the following:
ORDER
IT IS HEREBY ORDERED, that the FDIC accepts the voluntary termination of the insured status of The Okmulgee Savings and Loan Association, Okmulgee, Oklahoma, as an insured state chartered savings and loan association, and that, therefore, the insured status of the Insured Institution be, and hereby is, terminated at the expiration of February 22, 1993.
IT IS FURTHER ORDERED, that the insured deposits of each depositor in the Insured Institution on November 24, 1992, less all subsequent withdrawals from any deposits of such depositor, shall continue to be insured for a period of six months, until August 22, 1993.
IT IS FURTHER ORDERED, that the Insured Institution notify its depositors of the termination of its insured status no later than July 22, 1993, by publication and by mail, in the manner required by section 307.2 of the FDIC's Rules and Regulations, 12 C.F.R. § 307.2.
By direction of the Board of Directors.
Dated at Washington, D.C., this 24th day of November, 1992.
