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


{{4-30-04 p.C-5994}}

   [12,153] In the Matter of Central Sierra Bank, San Andreas, California, Docket No. 04-024q (2-25-04).

   Status of bank as insured state nonmember bank terminated.

In the Matter of
CENTRAL SIERRA BANK
SAN ANDREAS, CALIFORNIA
(Insured State Nonmember Bank)
ORDER OF APPROVAL OF TERMINATION OF INSURANCE

FDIC-04-024q

   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 Central California Bank, Sonora, California ("CCB"), has provided to the FDIC on January 30, 2004, satisfactory evidence that it has assumed the liabilities for deposits of Central Sierra Bank, San Andreas, California ("Insured Institution"), as of July 11, 2003, as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R.
{{4-30-04 p.C-5995}}

   §307.1, and that CCB 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 January 30, 2004.

   IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by CCB from the Insured Institution shall terminate at the expiration of January 12, 2004, or, in the case of any time deposit, the earliest maturity date after January 12, 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 25th day of February, 2004.

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

Last Updated 5/13/2004 legal@fdic.gov