{{2-28-01 p.C-5050}}
[¶11,756] In the Matter of United Credit National Bank, Sioux Falls, South Dakota, Docket No. 00-141p (12-29-00)
FDIC terminates insured status of bank that no longer receives
deposits.
In the Matter of
UNITED CREDIT NATIONAL BANK
SIOUX FALLS, SOUTH DAKOTA
(Insured National Bank)
ORDER OF TERMINATION OF INSURANCE
FDIC-00-141p
Pursuant to section 8(p) of the Federal Deposit Insurance
Act, 12 U.S.C. §1818(p), the Federal Deposit Insurance Corporation
("FDIC") hereby finds that United Credit National Bank, Sioux
Falls, South Dakota ("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 national bank be, and hereby is, terminated at the
expiration of June 30, 2001, which is the last day of the first full
semiannual 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, 2001, in the manner required by section 308.124(c) of the
FDIC's Rules of Practice and Procedure, 12 C.F.R. §308.124(c).
Pursuant to delegated authority.
Dated at Washington, D.C., this 29th day of December, 2000.