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FDIC Enforcement Decisions and Orders

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{{6-30-93 p.C-3165}}
   [10,770] In the Matter of National City Trust Company, West Palm Beach, Florida, Docket No. FDIC-93-66p (4-14-93).

   Finding that bank is no longer engaged in the business of accepting deposits, FDIC terminates its status as an insured institution.

In the Matter of
NATIONAL CITY TRUST COMPANY
WEST PALM BEACH, FLORIDA
(Insured National Bank)
ORDER OF TERMINATION
OF INSURANCE

FDIC-93-66p

   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 National City Trust Company, West Palm Beach, Florida ("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, 1993, which is the last day of the first full semiannual assessment period following the date of the 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, 1993, 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 14th day of April, 1993.
   Pursuant to delegated authority.

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