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FDIC Enforcement Decisions and Orders

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{{9-30-03 p.C-5790}}

   [12,065] In the Matter of North State National Bank, Chico, California, Docket No. 03-102q (7-1-03).

   Status of bank as an insured national bank terminated.

In the Matter of
NORTH STATE NATIONAL BANK
CHICO, CALIFORNIA
(Insured National Bank)
ORDER OF APPROVAL OF TERMINATION OF INSURANCE

FDIC-03-102q

   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 Tri Counties Bank, Chico, California ("Tri Counties") has provided to the FDIC on April 18, 2003 satisfactory evidence that it has assumed the liabilities for deposits of North State National Bank, Chico, California, ("Insured Institution") as of April 4, 2003, as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R. §307.1, and that Tri Counties notified Insured Institution's depositors of its assumption of their deposits, hereby 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 on April 18, 2003.

   IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by Tri Counties from Insured Institution shall terminate at the expiration of October 6, 2003,
{{9-30-03 p.C-5791}}

   or in the case of any time deposit, the earliest maturity date after October 6, 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 1st day of July, 2003.

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