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{{6-9-92 p.C-2373}}
   [10,560A] In the Matter of Commercial Credit Bank, Rockville, Maryland, Docket No. FDIC-92-146p (6-9-92)

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

In the Matter of

COMMERCIAL CREDIT BANK
ROCKVILLE, MARYLAND
(Insured State Nonmember Bank)
ORDER OF TERMINATION OF
INSURANCE

FDIC-92-146p

   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 Commercial Credit Bank, Rockville, Maryland ("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 State nonmember bank be, and hereby is, terminated at the expiration of December 31, 1992, 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, 1992, 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 9th day of June 1992.
Robert E. Feldman
Deputy Executive Secretary

In the Matter of

COMMERCIAL CREDIT BANK
ROCKVILLE, MARYLAND
(Insured State Nonmember Bank)
STIPULATION AND CONSENT TO
THE ISSUANCE OF AN ORDER OF
TERMINATION OF INSURANCE

FDIC-92-146 p

   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 Commercial Credit Bank, Rockville, Maryland ("Insured Institition"), 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 December 31, 1992, 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 successor, assign, director, officer, employee, agent, or other institution-affiliated party, as defined in section 3(u) of the Act, 12 U.S.C. §1813(u), 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.
Date: March 26, 1992

FEDERAL DEPOSIT INSURANCE
CORPORATION—LEGAL DIVISION
New York Regional Office
Sheldon J. Reisman
Regional Counsel

Commercial Credit Bank
Rockville, Maryland
Martin J. Wong
Secretary

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