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[¶10,598] In the Matter of Republic Federal Savings and Loan Association, Altadena, California, Docket No. FDIC-92-193q (7-16-92).
FDIC terminates insurance of bank whose liabilities for deposits have been assumed by other institutions.
In the Matter of
REPUBLIC FEDERAL SAVINGS AND
LOAN ASSOCIATION
ALTADENA, CALIFORNIA
(Insured Savings Association)
ORDER OF APPROVAL
OF TERMINATION OF
INSURANCE
FDIC-92-193q
Pursuant to section 8(q) of the Federal
{{5-31-94 p.C-2536}}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 Republic Federal Savings and Loan Association, Altadena, California ("Insured Institution"), has provided to the FDIC on May 19, 1992, satisfactory evidence that its liabilities for deposits have been assumed by Quaker City Federal Savings and Loan Association, Whittier, California, on January 17, 1992; by American Savings Bank, F.A., Stockton, California, on October 11, 1991; by Home Savings of America, FA, Los Angeles, California, on January 10, 1992; and by Great Western Bank, A FSB, Beverly Hills, California, on March 20, 1992; hereby issues the following ORDER:
ORDER
IT IS HEREBY ORDERED, that the status of Republic Federal Savings and Loan Association, as an insured savings association has been, and hereby is terminated at the expiration on May 19, 1992.
IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed from Republic Federal Savings and Loan Association shall terminate as follows: separate insurance of deposits assumed by Quaker City Federal Savings and Loan Association shall terminated as of the close of business on July 17, 1992; separate insurance of deposits assumed by American Savings Bank, F.A., shall terminate as of the close of business on April 11, 1992; separate insurance as of the close of business on July 10, 1992; and separate insurance of deposits assumed by Great Western Bank, A FSB, shall terminate as of the close of business September 20, 1992; or in the case of any time deposit assumed by the above-named institutions, the earliest maturity date after the dates specified above, all as provided in section 8(q) of the Act, 12 U.S.C. § 1818(q).
IT IS FURTHER ORDERED, that Quaker City Federal Savings and Loan Association, American Savings Bank, F.A., Home Savings of America, FA, and Great Western Bank, A FSB, shall give notice of such assumption to each of the depositors of Republic Federal Savings and Loan Association within thirty days after such assumption has taken effect, if it has not already done so, in a manner acceptable to the Regional Director (Supervision) of the FDIC's San Francisco Regional Office.
Dated at Washington, D.C., this 16th day of July, 1992.
Pursuant to delegated authority.
