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


{{2-29-96 p.C-4152}}
[11,260] In the Matter of Manufacturers Bank-Wilmington, Newark, Del., Docket No. FDIC-95-180p (12-29-95)

   FDIC terminates insured status of bank that is not engaged in the business of receiving deposits other than trust funds.
In the Matter of

MANUFACTURERS BANK—
WILMINGTON

NEWARK, DELAWARE
(Insured State Nonmember Bank)
ORDER OF TERMINATION OF INSURANCE
FDIC-95-180p

   Pursuant to section 8(p) of the Federal Deposit Insurance Act (the "Act"), 12 U.S.C. § 1818(p), the Federal Deposit Insurance Corporation ("FDIC"), hereby finds that Manufacturers Bank—Wilmington, Newark, Delaware ("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 State nonmember bank be, and hereby is, terminated at the expiration of June 30, 1996, which is the last day of the first full semi- {{2-29-96 p.C-4153}}annual assessment period following the date of 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 May 31, 1996, in the manner required by section 308.124(c) of the FDIC's Rules and Practice and Procedure, 12 C.F.R. § 308.124(c).
   Dated at Washington, D.C., this 29th day of December, 1995.
   Pursuant to delegated authority.

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

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