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{{6-30-01 p.C-5106}}

   [11,778] In the Matter of American State Bank, Portland, Oregon, Docket No. 01-004q (4-3-01)

   Status of bank as insured state nonmember bank terminated.

In the Matter of
AMERICAN STATE BANK
PORTLAND, OREGON
(Insured State Nonmember Bank)
ORDER OF
APPROVAL OF
TERMINATION OF INSURANCE

FDIC-01-004q

   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 Albina Community Bank, Portland, Oregon ("Albina Bank"), has provided to the FDIC on December 15, 2000, satisfactory evidence that it has assumed the liabilities for deposits of American State Bank, Portland, Oregon ("ASB"), as of December 4, 2000, as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R. §307.1, and that Albina Bank has notified ASB's depositors of its assumption of their deposits, hereby issues the following ORDER:

ORDER

   IT IS HEREBY ORDERED, that the status of ASB as an insured state nonmember bank be, and hereby is, terminated as of December 15, 2000.

   IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by Albina Bank from ASB shall terminate at the expiration of June 4, 2001, or, in the case of any time deposit, the earliest maturity date after June 4, 2001, 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 3rd day of April, 2001.

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