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[¶10,820] In the Matter of NBD Trust Company of Florida, National Association, Docket No. FDIC-93-104p (6-18-93).
FDIC terminates insurance of institution that is not engaged in the business of receiving deposits.
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In the Matter of
NBD TRUST COMPANY OF
FLORIDA, NATIONAL ASSOCIATION
NORTH PALM BEACH, FLORIDA
(Insured National Bank)
ORDER OF TERMINATION OF INSURANCE
FDIC-93-104p
Pursuant to section 8(p) of the Federal Deposit Insurance Act, 12 U.S.C. § 1818(p), the Federal Deposit Insurance Corporation ("FDIC") hereby finds that NBD Trust Company of Florida, National Association, North Palm Beach, Florida ("Insured Institution"), is not engaged in the business of receiving deposits, other than trust funds, and issues the following ORDER:
ORDER
IT IS HEREBY ORDERED, that the status of the Insured Institution as an insured national bank be, and hereby is, terminated at the expiration of December 31, 1993, which is the last day of the first full semiannual assessment period following the date of issuance of this ORDER.
IT IS FURTHER ORDERED, that the Insured Institution notify its depositors, if any, of the termination of its insured status no later than November 30, 1993, in the manner required by section 308.124(c) of the FDIC's Rules of Practice and Procedure, 12 C.F.R. § 308.124(c).
Dated at Washington, D.C., this 18th day of June, 1993.
Pursuant to delegated authority.
