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[¶12,061] In the Matter of GECC Financial Corporation, Honolulu, Hawaii,
Docket No. 03-017p (6-24-03).
Status of bank as insured state nonmember bank terminated.
In the Matter of
GECC FINANCIAL CORPORATION
HONOLULU, HAWAII
(Insured State Nonmember Bank)
ORDER OF TERMINATION OF INSURANCE
FDIC-03-017p
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 GECC Financial Corporation, Honolulu,
Hawaii("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
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state nonmember bank, be and hereby is, terminated at the
expiration of December 31, 2003, 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 November 30, 2003, 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 24th day of June, 2003.
