{{5-31-02 p.C-3070}}
[¶10,731A] In the Matter of Riverbend Bank, National Association, Fort Worth,
Texas, Docket No. 93-45kk (3-2-93).
FDIC issues order denying request for exemption from liability.
[.1] Exemption from Liability—Request Denied
In the Matter of
RIVERBEND BANK, NATIONAL ASSOCIATION
FORT WORTH, TEXAS
(Insured Depository Institution)
related to
AMERICAN BANK OF HALTOM CITY
HALTOM CITY, TEXAS
(Commonly Controlled Insured Depository Institution)
ORDER DENYING REQUEST FOR EXEMPTION FROM LIABILITY
FDIC-93-45kk
WHEREAS, Ameritex Bancshares Corporation, Fort Worth, Texas
("Ameritex"), is a bank holding company whose subsidiary banks
included American Bank of Haltom City, Fort Worth, Texas
("Haltom"), Riverbend Bank, National Association, Fort Worth,
Texas ("Riverbend"), and American Bank of Commerce, Grapevine,
Texas ("Grapevine"); and
WHEREAS, on or about February 5, 1993, the Banking Commissioner for the
State of Texas deemed Haltom to be insolvent and appointed the Federal
Deposit Insurance Corporation ("FDIC") as receiver of Haltom, and
thereafter Haltom was closed; and
WHEREAS, Bonnet Resources, Inc. ("Bonnet"), the FDIC's
collection agent for a loan collateralized by the stock of Riverbend,
has been attempting to market Riverbend; and
WHEREAS, in order to facilitate the marketing of Riverbend, Ameritex
has requested that the FDIC grant to Riverbend an appropriate
exemption, pursuant to section 5(e)(5)(A) of the Federal Deposit
Insurance Act ("Act"), 12 U.S.C. §1815(e)(5)(A), with respect
to losses incurred or reasonably anticipated to be incurred by the FDIC
from the default of or FDIC assistance to Haltom; and
WHEREAS, the Board of Directors ("Board") of the FDIC, having
fully considered the facts and information relating to the foregoing
request for exemption from losses, and having considered the
recommendation of the Division of Supervision of the FDIC, has
concluded, in its discretion, that an exemption is not in the best
interest of the Bank Insurance Fund, and that the request for exemption
should be denied.
IT IS THEREFORE ORDERED, that the request to exempt Riverbend from
losses incurred or reasonably anticipated to be incurred by the FDIC
from the default of or FDIC assistance to Haltom be, and hereby is,
denied.
By direction of the Board of Directors.
Dated at Washington, D.C., this 2nd day of March,1993.
