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{{6-30-97 p.C-4333}}
[¶11,398] In the Matter of Secure Savings Bank, F.S.B., Fontana, California, Docket No. 97-5q (3-28-97)
Status of respondent savings bank as an insured federal savings bank ordered terminated.
In the Matter of
SECURE SAVINGS BANK, F.S.B.
FONTANA, CALIFORNIA
(Insured Federal Savings Bank)
ORDER OF APPROVAL OF
TERMINATION OF INSURANCE
FDIC-97-5q
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 Redlands Federal Bank, F.S.B., Redlands, California ("Redlands"), has provided to the FDIC on February 3, 1997, satisfactory evidence that it has assumed the liabilities for deposits of Secure Savings Bank, F.S.B., Fontana, California ("Secure Savings"), as of December 13, 1996, as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R. § 307.1, and that Redlands has notified Secure Savings' depositors of its assumption of their deposits, hereby issues the following ORDER:
ORDER
IT IS HEREBY ORDERED, that the status of Secure Savings as an insured federal savings bank be, and hereby is, terminated as of February 3, 1997.
IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by Redlands from Secure Savings shall terminate at the expiration of June 13, 1997, or, in the case of any time deposit, the earliest
{{6-30-97 p.C-4334}}maturity date after June 13, 1997, 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 28th day of March, 1997.
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