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FDIC Enforcement Decisions and Orders

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{{3-31-94 p.C-2285}}
   [10,537] In the Matter of Equitec Savings Bank, FSB, Oakland, California, Docket No. FDIC-92-30p (5-18-92).

   FDIC terminated insurance of institution not engaged in receiving deposits.
In the Matter of

EQUITEC SAVINGS BANK, FSB
OAKLAND, CALIFORNIA
(Insured Federal Stock Savings Bank)
ORDER OF TERMINATION
OF INSURANCE

FDIC-92-30p

   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 Equitec Savings Bank, FSB, Oakland, 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 federal stock savings bank be, and hereby is, terminated at the expiration of December 31, 1992.
   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, 1992, in the manner required by section 308.124(c) of the FDIC's Rules and Regulations, 12 C.F.R. § 308.124(c).
   Dated at Washington, D.C., this 18th day of May, 1992.
   Pursuant to delegated authority.

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