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{{7-31-95 p.C-3507}}
[¶10,898] In the Matter of Amcore Bank, Ogle County, Mount Morris, Illinois, Docket No. FDIC-93-209q (11-5-93).
Liability for all bank's deposits having been assumed by another institution, FDIC terminates bank's insured status.
In the Matter of
AMCORE BANK, OGLE COUNTY
MOUNT MORRIS, ILLINOIS
(Insured State Nonmember Bank)
ORDER OF APPROVAL
OF TERMINATION OF
INSURANCEFDIC-93-209q
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 Amcore Bank National Association, Rock River Valley, Sterling, Illinois (formerly known as Amcore Bank National Association, Sterling, Sterling, Illinois) ("Amcore National"), has provided to the FDIC on September 1, 1993, satisfactory evidence that it has assumed the liabilities for all of the deposits of AMCORE Bank, Ogle County, Mount Morris, Illinois ("AMCORE Ogle"), as of August 31, 1993, as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R. § 30.1, and that Amcore National has notified AMCORE Ogle's depositors of its assumption of their deposits, hereby issues the following ORDER:
ORDER
IT IS HEREBY ORDERED, that the status of AMCORE Ogle as an insured state nonmember bank, hereby is terminated as of September 1, 1993. IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by Amcore National from AMCORE Ogle shall terminate at the expiration of February 28, 1994, or in the case of any time deposit, the earliest maturity date after February 28, 1994, as provided in section 8(q) of the Act, 12 U.S.C. § 1818(q).
Dated at Washington, D.C., this 5th day of November, 1993.
Pursuant to delegated authority.
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