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[¶11,307] In the Matter of Metlife Trust Co. N.A., Iselin, N.J., Docket No. FDIC-96-65p (6-26-96)
Liability for all of bank's deposits having been assumed by another institution, FDIC terminates bank's insured status.
In the Matter of
METLIFE TRUST COMPANY,
NATIONAL ASSOCIATION
ISELIN,NEW JERSEY
(FORMERLY CITY TRUST
SERVICES, NATIONAL
ASSOCIATION
SOMERSET, NEW JERSEY
(INSURED NATIONAL BANK)
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ORDER OF TERMINATION OF
INSURANCE
FDIC-96-65p
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 Metlife Trust Company, National Association, Iselin, New Jersey (formerly City Trust Services, National Association, Somerset, New Jersey) ("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, 1996, which is the last day of the first full semi-annual 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, 1996, 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).
Pursuant to delegated authority.
Dated at Washington, D.C., this 26th day of June, 1996.
