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-3205}}
   [10,796] In the Matter of Dreyfus Thrift & Commerce, Salt Lake City, Utah, Docket No. FDIC-93-81q (5-11-93).

   Liability for its deposits having been assumed by another institution, thrift has its deposit insurance terminated.

In the Matter of
DREYFUS THRIFT & COMMERCE
SALT LAKE CITY, UTAH
(Insured State Nonmember Bank)
ORDER OF
APPROVAL OF TERMINATION
OF INSURANCE

FDIC-93-81q

   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 The Dreyfus Security Savings Bank, F.S.B., Paramus, New Jersey ("Drey- {{7-31-93 p.C-3206}}fus Security"), has provided to the FDIC, by letter received March 16, 1993, satisfactory evidence that it has assumed the liabilities for deposits of Dreyfus Thrift & Commerce, Salt Lake City, Utah ("Dreyfus Thrift"), as of March 1, 1993, as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R. § 307.1, and that Dreyfus Security has notified Dreyfus Thrift's depositors of its assumption of their deposits, hereby issues the following ORDER:

ORDER

   IT IS HEREBY ORDERED, that the status of Dreyfus Thrift as an insured State nonmember bank be, and hereby is, terminated on March 16, 1993.
   IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by Dreyfus Security from Dreyfus Thrift shall terminate at the expiration of September 16, 1993, or in the case of any time deposit, the earliest maturity date after September 16, 1993, as provided in section 8(q) of the Act, 12 U.S.C. § 1818(q).
   Dated at Washington, D.C., this 11th day of May, 1993.
   Pursuant to delegated authority.

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

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