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[¶10,742] In the Matter of Diamond Savings and Loan Company, Findlay, Ohio, Docket No. FDIC-93-35q (3-9-93).
Liability for thrift's deposits having been fully assumed by other institutions, FDIC terminates thrift's status as an insured institution.
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In the Matter of
DIAMOND SAVINGS AND LOAN
COMPANY
FINDLAY,OHIO
(Insured State Chartered Stock
Savings and Loan Association)
ORDER OF APPROVAL
OF TERMINATION OF
INSURANCE
FDIC-93-35q
Pursuant to section 8(q) of the Federal Deposit Insurance Act ("Act"), 12 U.S.C. § 1818(q), and section 18(i)(3) of the Act, 12 U.S.C. § 1828(i)(3), the Federal Deposit Insurance Corporation ("FDIC"), having found that Belmont National Bank, St. Clairsville, Ohio ("Belmont"), Bank One, Marion, Marion, Ohio ("Marion"), Bank One, Fremont, National Association, Fremont, Ohio ("Fremont"), Bank One, Lima, National Association, Lima, Ohio ("Lima"), and Bank One, Sidney, National Association, Sidney, Ohio ("Sidney"), have provided to the FDIC, on October 28, 1992, satisfactory evidence that they have assumed the liabilities for all of the deposits of Diamond Savings and Loan Company, Findlay, Ohio ("Diamond"), as of the close of business on October 2, 1992, with respect to the deposits assumed by Belmont, and as of the close of business on October 16, 1992, with respect to the deposits assumed by Marion, Fremont, Lima, and Sidney, as required by section 307.1, of the FDIC's Rules and Regulations, 12 C.F.R. § 307.1, and that Belmont, Marion, Fremont, Lima, and Sidney have notified Diamond's depositors of the assumption of their deposits, hereby issues the following ORDER:
ORDER
IT IS HEREBY ORDERED, that the status of Diamond Savings and Loan Company as an insured State chartered savings association has been, and hereby is, terminated at the expiration of October 28, 1992.
IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by Belmont from Diamond shall terminate at the expiration of April 2, 1993, or in the case of any time deposit, the earliest maturity date after April 2, 1993, as provided in section 8(q) of the Act, 12 U.S.C. § 1818(q).
IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by Marion, Fremont, Lima, and Sidney from Diamond shall terminate at the expiration of April 16, 1993, or in the case of any time deposit, the earliest maturity date after April 16, 1992, as provided in section 8(q) of the Act, 12 U.S.C. § 1818(q).
Dated at Washington, D.C., this 9th day of March, 1993.
Pursuant to delegated authority.
