Each depositor insured to at least $250,000 per insured bank



Home > Regulation & Examinations > Bank Examinations > FDIC Enforcement Decisions and Orders




FDIC Enforcement Decisions and Orders

ED&O Home | Search Form | Text Search | ED&O Help



{{10-31-92 p.C-2452.6}}
   [10,577] In the Matter of Security Trust Company, National Association, Washington, D.C., Docket No. FDIC-92-198p (6-30-92).

   Insured status terminated as institution is not engaged in the business of receiving deposits.
{{8-31-94 p.C-2452.7}}

In the Matter of

SECURITY TRUST COMPANY,
NATIONAL ASSOCIATION
WASHINGTON, D.C.
(Insured National Bank)
ORDER OF TERMINATION OF INSURANCE
FDIC-92-198p

   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 Security Trust Company, National Association, Washington, D.C. ("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, 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).
   Dated at Washington, D.C., this 30th day of June, 1992.
   Pursuant to delegated authority.

ED&O Home | Search Form | Text Search | ED&O Help

Last Updated 6/6/2003 legal@fdic.gov