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{{11-30-00 p.C-4989}}

   [11,733] In the Matter of Bank Hapoalim B.M., San Francisco, California, Docket No. 00-080q (8-28-00).

   Status of bank as insured state nonmember bank terminated.

In the Matter of

BANK HAPOALIM B.M. SAN FRANCISCO BRANCH
SAN FRANCISCO, CALIFORNIA
(Insured State-Licensed Branch of a Foreign Bank)
ORDER OF APPROVAL OFTERMINATION OFINSURANCE

FDIC-00-080q

   Pursuant to section 8(q) of the Federal Deposit Insurance Act (the "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 Bank Hapoalim B.M., New York City, New York ("Hapoalim New York"), has provided to the FDIC on June 19, 2000, satisfactory evidence that it has assumed the deposit liabilities of Bank Hapoalim B.M., San Francisco, California ("Hapoalim San Francisco"), as of June 9, 2000, as required by section 307.1 of the FDIC's rules and regulations, 12 C.F.R. § 307.1, and that Hapoalim New York has notified the depositors of Hapoalim San Francisco of its assumption of their deposits, hereby issues the following ORDER:

ORDER

   IT IS HEREBY ORDERED, that the status of Hapoalim San Francisco as an insured state-licensed branch of a foreign bank be, and hereby is, terminated as of June 19, 2000.

   IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by Hapoalim New York from Hapoalim San Francisco shall terminate at the expiration of December 11, 2000, or, in the case of any time deposit, the earliest maturity date after December 11, 2000, 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 August, 2000.

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