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   [12,006] In the Matter of The First National Bank of Sumner, Olney, Illinois, Docket No. 02-191q (12-26-02).

   Status of bank as an insured national bank terminated.

In the Matter of
THE FIRST NATIONAL BANK OF SUMNER
OLNEY, ILLINOIS
(Insured National Bank)
ORDER OF APPROVAL OF TERMINATION OF INSURANCE

FDIC-02-191q

   Pursuant to section 8(q) of the Federal Deposit Insurance Act ("Act"), 12 U.S.C. §1818(q), and section 18(i)(e) of the Act, 12 U.S.C. §1828(i)(3), the Federal Deposit Insurance Corporation ("FDIC"), having found that The Peoples State Bank of Newton, Illinois, Newton, Illinois ("Newton"), has provided to the FDIC on November 12, 2002, satisfactory evidence that it has assumed
{{2-28-03 p.C-5672}}

   the liabilities for deposits of The First National Bank of Sumner, Olney, Illinois ("Sumner"), as of November 8, 2002, as required by section 307.1 and that Newton has notified Sumner's depositors of Newton's assumption of their deposits, hereby issues the following ORDER:

ORDER

   IT IS HEREBY ORDERED, that the status of Sumner as an insured national bank be, and hereby is, terminated as of November 12, 2002.

   IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by Newton from Sumner shall terminate at the expiration of May 8, 2003, 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 26th day of December, 2002.

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