Each depositor insured to at least $250,000 per insured bank



Home > Regulation & Examinations > Bank Examinations > FDIC Enforcement Decisions and Orders




FDIC Enforcement Decisions and Orders

ED&O Home | Search Form | Text Search | ED&O Help


{{9-30-03 p.C-5175}}

   [11,818] In the Matter of First USA Financial Services, Inc., Salt Lake City, Utah, Docket No. 01-091q (7-20-01)

   Status of bank as insured state nonmember bank terminated.

In the Matter of
FIRST USA FINANCIAL SERVICES, INC.
SALT LAKE CITY, UTAH
(Insured State Nonmember Bank)
ORDER OF APPROVAL OF TERMINATION OF INSURANCE

FDIC-01-091q

   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 One, Utah, National Association, Salt Lake City, Utah ("Bank One"), has provided to the FDIC on July 2, 2001, satisfactory evidence that it has assumed the liabilities for deposits of First USA Financial Services, Inc., Salt Lake City, Utah ("FUFSI") as of July 2, 2001, as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R. §307.1, and that Bank One has notified FUFSI's depositors of its assumption of their deposits, hereby issues the following ORDER:

ORDER

   IT IS HEREBY ORDERED, that the status of FUFSI as an insured state nonmember bank be, and hereby is, terminated as of July 2, 2001.

   IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by Bank One from FUFSI shall terminate at the expiration of January 2, 2002, or, in the case of any time deposit, the earliest maturity date after January 2, 2002, 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 20th day of July, 2001.

ED&O Home | Search Form | Text Search | ED&O Help

Last Updated 10/2/2003 legal@fdic.gov