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{{2-29-04 p.C-5946}}

   [12,138] In the Matter of Modesto Commerce Bank, Modesto, California, Docket No. 03-212q (12-24-03).

   Status of bank as insured state nonmember bank terminated.

In the Matter of
MODESTO COMMERCE BANK
MODESTO, CALIFORNIA
(Insured State Nonmember Bank)
ORDER OF APPROVAL OF TERMINATION OF INSURANCE

FDIC-03-212q

   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 of Stockton, Stockton, California ("Bank"), has provided to the FDIC on December 16, 2003, satisfactory evidence that it has assumed the liabilities for deposits of Modesto Commerce Bank, Modesto, California ("Insured Institution"), as of November 17, 2003, as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R. §307.1, and that the Bank has notified the 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 state nonmember bank be, and hereby is, terminated as of December 16, 2003.

   IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by the Bank from the Insured Institution shall terminate at the expiration of May 17, 2004, or, in the case of any time deposit, the earliest maturity date after May 17, 2004, 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 24th day of December, 2003.

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Last Updated 3/7/2004 legal@fdic.gov