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


{{7-31-93 p.C-2499}}
   [10,585] In the Matter of Chase Bank of Ohio, Columbus, Ohio, Docket No. FDIC-92-160q (7-2-92).

   FDIC terminates insurance of bank whose liabilities for deposits have been assumed by other institutions.

In the Matter of

CHASE BANK OF OHIO
COLUMBUS, OHIO
(Insured State Nonmember Bank)
ORDER OF APPROVAL
OF TERMINATION OF
INSURANCE

FDIC-92-160q

   Pursuant to section 8(q) of the Federal Deposit Insurance Act ("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 Chase Bank of Ohio, Columbus, Ohio, has provided satisfactory evidence to the FDIC on January 10, 1992, that its liabilities for deposits have been assumed by The Fifth Third Bank, Cincinnati, Ohio, and The Fifth Third Bank of Columbus, Columbus, Ohio, and on January 30, 1992, that The Fifth Third Bank, Cincinnati, Ohio, and The Fifth Third Bank of Columbus, Columbus, Ohio, have notified the depositors of Chase Bank of Ohio, Columbus, Ohio, of their assumption of their deposits, hereby issues the following ORDER:

ORDER

   IT IS HEREBY ORDERED, that the status of Chase Bank of Ohio, Columbus, Ohio, as an insured state member bank, has been, and hereby is, terminated at the expiration of January 10, 1992.
   IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by The Fifth Third Bank, Cincinnati, Ohio, and The Fifth Third Bank of Columbus, Columbus, Ohio, from Chase Bank of Ohio, Columbus, Ohio, shall terminate at the expiration of July 10, 1992, or in the case of any time deposit, the earliest maturity date after July 10, 1992, as provided in section 8(q) of the Act, 12 U.S.C. § 1818(q).
   Dated at Washington, D.C., this 2nd day of July, 1992.
   Pursuant to delegated authority.

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

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