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


{{5-31-04 p.C-6023}}

   [12,166] In the Matter of North Coast Bank, National Association, Santa Rosa, California, Docket No. 04-043q (3-15-04).

   Status of bank as an insured national bank terminated.

In the Matter of
NORTH COAST BANK, NATIONAL ASSOCIATION
SANTA ROSA, CALIFORNIA
(Insured National Bank)
ORDER OF APPROVAL OF TERMINATION OF INSURANCE

FDIC-04-043q

   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 American River Bank, Sacramento, California ("ARB"), has provided to the FDIC on February 11, 2004, satisfactory
{{5-31-04 p.C-6024}}

   evidence that it has assumed the liabilities for deposits of North Coast Bank, National Association, Santa Rosa, California ("Insured Institution"), as of December 31, 2003, as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R. § 307.1, and that ARB 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 national bank be, and hereby is, terminated as of February 11, 2004.

   IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by ARB from the Insured Institution shall terminate at the expiration of June 30, 2004, or, in the case of any time deposit, the earliest maturity date after June 30, 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 15th day of March, 2004.

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

Last Updated 6/13/2004 legal@fdic.gov