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{{11-30-96 p.C-4253}}
   [11,336] In the Matter of First National Bank of Lockport, Lockport, III., Docket No. FDIC-96-56q (8-23-96)

   Liability for all of bank's deposits having been assumed by another institution, FDIC terminates bank's insured status.
In the Matter of

FIRST NATIONAL BANK
OF LOCKPORT

LOCKPORT,ILLINOIS
(Insured National Bank)
ORDER OF APPROVAL OF
TERMINATION OF INSURANCE

FDIC-96-56q

   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 Heritage Bank, Blue Island, Illinois ("Heritage"), has provided to the FDIC on April 15, 1996, satisfactory evidence that it has assumed the liabilities for deposits of First National Bank of Lockport, Lockport, Illinois ("Lockport"), as of April 13, 1996, that deposits were assumed as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R. § 307.1, and that Heritage has notified Lockport's depositors of the assumption of their deposits, hereby issues the following ORDER:

ORDER

   IT IS HEREBY ORDERED, that the status of Lockport as an insured national bank, is terminated as of April 15, 1996.
   IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed {{11-30-96 p.C-4254}}by Heritage from Lockport shall terminate at the expiration of October 14, 1996, or, in the case of any time deposit, the earliest maturity date after October 14, 1996, as provided in section 8(q) of the Act, 12 U.S.C. § 1818(q).
   Pursuant to delegated authority.
   Dated at Washington, D.C., this 23rd day of August, 1996.

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