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[¶10,728] In the Matter of The Globe Savings Bank of Harrah, SSB, Harrah, Oklahoma, Docket No. FDIC-93-16a (2-23-93).
FDIC accepts institution's voluntary termination of insured status.
In the Matter of
THE GLOBE SAVINGS BANK OF
HARRAH, SSB
HARRAH, OKLAHOMA
(Insured State Savings Bank)
ORDER OF ACCEPTANCE
OF VOLUNTARY TERMINATION
OF INSURED STATUS
FDIC-93-16a
WHEREAS, pursuant to the provisions of section 8(a)(1) of the Federal Deposit Insur-
{{4-30-93 p.C-3049}}ance Act ("Act"), 12 U.S.C. § 1818(a)(1), The Globe Savings Bank of Harrah, SSB, Harrah, Oklahoma ("Insured Institution"), notified the Federal Deposit Insurance Corporation ("FDIC") by letter dated October 26, 1992, that it was no longer desirous of continuing its status as an insured state savings 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 FDlC 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 the foregoing, and pursuant to the provisions of section 8(a)(1) of the Act, 12 U.S.C. § 1818(a)(1), the FDIC hereby 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 Globe Savings Bank of Harrah, SSB, Harrah, Oklahoma, as an insured state savings bank and that, therefore, the insured status of the Insured Institution be, and hereby is, terminated at the expiration of January 25, 1993.
IT IS FURTHER ORDERED, that the insured deposits of each depositor in the Insured Institution on January 25, 1993, less all subsequent withdrawals from any deposits of such depositor, shall continue to be insured for a period of six months, until July 25, 1993.
IT 1S FURTHER ORDERED, that the Insured Institution notify its depositors of the termination of its insured status no later than June 25, 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.
Dated at Washington, D.C., the 23rd day of February, 1993.
By direction of the Board of Directors.
