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[¶11,112] In The Matter of Western Family National Bank, Carlsbad, California, Docket No. FDIC-94-156p (12-29-94).
FDIC terminates insurance of institution no longer engaged in the business of accepting deposits.
In The Matter of
WESTERN FAMILY NATIONAL
BANK
CARLSBAD, CALIFORNIA
(Insured National BankIn
Liquidation)
ORDER OF TERMINATION OF
INSURANCE
FDIC-94-156p
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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 Western Family National Bank, Carlsbad, California ("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 June 30, 1995, 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 May 30, 1995, 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 29th day of December, 1994.
Pursuant to delegated authority.