Federal Deposit
Insurance Corporation

{{10-28-90 p.C-727}}
   [¶10,156B] In the Matter of First Deposit Savings Bank, Redding, California, Docket No. FDIC-90-271p (12-28-90)

   Termination of insurance of Bank not engaged in the business of receiving deposits, other than trust funds.

In the Matter of

FIRST DEPOSIT SAVINGS BANK
REDDING, CALIFORNIA
(Insured State Chartered Savings and Loan )
ORDER OF TERMINATION OF INSURANCE
FDIC-90-271p
   Pursuant to section 8(q) of the Federal Deposit Insurance Act, 12 U.S.C. §1818(p), the Federal Deposit Insurance Corporation ("FDIC") hereby finds that First Deposit Savings Bank, Redding, California ("Insured Institution"), is not engaged in the business of receiving deposits, other than trust funds, and issues the following ORDER:

   IT IS HEREBY ORDERED, that the status of the Insured Institution as an insured state chartered savings and loan, be, and hereby is, terminated at the expiration of June 30, 1991.
   IT IS FURTHER ORDERED, that the Insured Institution notify its depositors, if any, of the termination of its insured status no later than May 31, 1991, in the manner required by section 308.63(c) of the FDIC's Rules and Regulations, 12 C.F.R. §308.63(c).
   Pursuant to delegated authority.
   Dated at Washington, D.C., this 28th day of December, 1990.
Robert E. Feldman
Deputy Executive Secretary

In the Matter of

FIRST DEPOSIT SAVINGS BANK
SAN FRANCISCO, CALIFORNIA
(Insured State Chartered Savings and Loan)
STIPULATION AND CONSENT TO
THE ISSUANCE OF AN ORDER OF
TERMINATION
FDIC-90-271p
   Subject to the acceptance of this STIPULATION AND CONSENT TO THE ISSUANCE OF AN ORDER OF TERMINATION OF INSURANCE ("CONSENT AGREEMENT") by the Federal Deposit Insurance Corporation ("FDIC), it is hereby stipulated and agreed by and between a representative of the Legal Division of the FDIC and First Deposit Savings Bank, San Francisco, California, ("Insured Institution") as follows:
   1. The Insured Institution has been advised of its right to receive a NOTICE OF INTENTION TO TERMINATE INSURED STATUS AND ORDER TO SHOW CAUSE why its insured status should not be terminated under the provisions of section 8(p) of the Federal Deposit Insurance Act ("Act"), 12 U.S.C. §1818(p), because it is not engaged in the business of receiving deposits, other than trust funds, and of its right to a hearing, and has waived those rights.
   2. The Insured Institution hereby consents and agrees to the issuance of an ORDER OF TERMINATION OF INSURANCE ("ORDER") by the FDIC. The Insured Institution further stipulates and agrees that such ORDER shall be deemed to be an order which has become final, and that said ORDER shall become effective at the expiration of June 30, 1991, and fully enforceable by the FDIC pursuant to section 8(i) of the Act, 12 U.S.C. §1818(i), subject only to the conditions set forth in paragraph 3 of this CONSENT AGREEMENT.
   3. In the event the FDIC accepts this CONSENT AGREEMENT and issues the ORDER, it is agreed that no legal action to enforce said ORDER in a United States district court will be initiated by the FDIC unless the Insured Institution, or any institution affiliated party, has violated or is about to violate the ORDER.
   4. The Insured Institution hereby waives:
   (a) the receipt of a NOTICE OF INTENTION TO TERMINATE INSURED STATUS AND ORDER TO SHOW CAUSE;
   (b) a hearing for the purpose of taking evidence on such Notice;
   (c) the filing of proposed Findings of Fact and Conclusions of Law;
   (d) a recommended decision of an Administrative Law Judge; and
   (e) exceptions and briefs with respect to such recommended decision.
Dated: 12-4-90