{{8-31-96 p.C-4218}}
[¶11,309] In the Matter of Investors Finance Inc., Honolulu, Hawaii, Docket No. FDIC-96-32q (6-28-96)
Liability for all of bank's deposits having been assumed by another institution, FDIC terminates bank's insured status.
In the Matter of
INVESTORS FINANCE, INC.
HONOLULU,HAWAII
(INSURED STATE NONMEMBER
BANK)
ORDER OF APPROVAL OF
TERMINATION OF INSURANCE
FDIC-96-32q
Pursuant to section 8(q) of the Federal Deposit Insurance Act (the "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 Realty Finance, Inc., Hilo, Hawaii ("Realty"), has provided to the FDIC on December 26, 1995, satisfactory evidence that it has assumed the liabilities for deposits of Investors Finance, Inc., Honolulu, Hawaii ("Investors"), as of October 31, 1995 and December 13, 1995, as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R. § 307.1, and that Realty has notified the Investors' depositors of its assumption of their deposits, hereby issues the following ORDER:
ORDER
IT IS HEREBY ORDERED, that the status of Investors as an insured State nonmember institution, is terminated as of December 26, 1995.
IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by Realty from Investors on October 31, 1995, shall terminate at the expiration of April 30, 1996, or in the case of any time deposit, the earliest maturity date after April
{{8-31-96 p.C-4219}}30, 1995, 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 Realty from Investors on December 13, 1995, shall terminate at the expiration of June 13, 1996, or in the case of any time deposit, the earliest maturity date after June 13, 1996, as provided in section 8(q) of the Act, 12 U.S.C. § 1818(q).
Pursuant to delegated authority.
Dated at Washington, D.C., this 28th day of June, 1996.
