{{5-31-02 p.C-2897}}
[¶10,681A] In the Matter of Bank of Kerrville, Kerrville, Texas, Docket No.
92-28kk (12-8-92).
FDIC issues order denying waiver of cross-guaranty.
[.1] Cross-Guaranty—Waiver—Denied
In the Matter of
BANK OF KERRVILLE
KERRVILLE, TEXAS
(Insured Depository Institution)
Related to
TEXAS PREMIER BANK OF VICTORIA,NATIONAL ASSOCIATION
VICTORIA, TEXAS
(Commonly Controlled Insured Depository Institution)
ORDER DENYING WAIVER OF CROSS-GUARANTY
FDIC-92-28kk
BE ADVISED that the Board of Directors ("Board") of the
Federal Deposit Insurance Corporation ("FDIC"), having fully
considered the facts and information relating to the request for a
waiver of cross-guaranty liability ("APPLICATION FOR EXEMPTION")
filed on June 9, 1992, pursuant to the provisions of section 5(e)(5)(A)
of the Federal Deposit Insurance Act ("Act"), 12 U.S.C.
§1815(e)(5)(A), by Bank of Kerrville, Kerrville, Texas, for losses
incurred or reasonably anticipated to be incurred by the FDIC with
regard to the default of Texas Premier Bank of Victoria, National
Association, Victoria, Texas, a commonly controlled insured depository
institution, and having considered the recommendation of the Division
of Supervision of the FDIC, has concluded, in its discretion, that a
waiver pursuant to section 5(e)(5)(A) of the Act, 12 U.S.C.
§1815(e)(5)(A), would not be in the best interest of the Bank
Insurance Fund, and that the APPLICATION FOR EXEMPTION should be
denied.
[.1] IT IS THEREFORE ORDERED, that the APPLICATION FOR EXEMPTION be and is
hereby denied.
By order of the Board of Directors.
Dated at Washington, D.C., this 8th day of December, 1992.
