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[¶10,692] In the Matter of Monogram Bank of Ohio, Blue Ash, Ohio, Docket No. FDIC-92-324a (12-28-92).
Institution voluntarily terminates insured status.
In the Matter of
MONOGRAM BANK OF OHIO
BLUE ASH, OHIO
(Insured State Nonmember Bank)
ORDER OF ACCEPTANCE
OF VOLUNTARY TERMINATION
OF INSURED STATUS
FDIC-92-324a
WHEREAS, pursuant to the provisions of section 8(a)(1) of the Federal Deposit Insurance Act ("Act"), 12 U.S.C. § 1818(a)(1), Monogram Bank of Ohio, Blue Ash, Ohio ("Insured Institution"), notified the Federal Deposit Insurance Corporation ("FDIC") by letter dated June 17, 1992, that it was no longer desirous of continuing its status as an insured State nonmember bank 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.
NOW, THEREFORE, in consideration of
{{2-28-93 p.C-2944}}the foregoing, and pursuant to the provisions of section 8(a)(1) of the Act, 12 U.S.C. § 1818(a)(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 Monogram Bank of Ohio, Blue Ash, Ohio, as an insured State non-member bank and that, therefore, the insured status of the Insured Institution be, and hereby is, terminated at the expiration of March 29, 1993.
IT IS FURTHER ORDERED, that the insured deposits of each depositor in the Insured Institution on March 29, 1993, less all subsequent withdrawals from any deposits of such depositor, shall continue to be insured for a period of six months, until September 29, 1993.
IT IS FURTHER ORDERED, that the Insured Institution notify its depositors of the termination of its insured status no later than January 31, 1993, by publication and by mail, in the manner required by section 307.2 of the FDIC Rules and Regulations, 12 C.F.R. § 307.2.
By direction of the Board of Directors.
Dated at Washington, D.C., this 28th day of December, 1992.
