{{6-30-04 p.C-6036}
[¶12,184]
In the Matter of Mid Valley Bank, Red Bluff, California, Docket No.
04-087q (4-7-04).
Status of bank as an insured state member bank terminated.
In the Matter of
MID VALLEY BANK
RED BLUFF, CALIFORNIA
(Insured State Member Bank)
ORDER OF APPROVAL OF TERMINATION OF INSURANCE
FDIC-04-087q
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 Premier West Bank, Medford, Oregon
("Premier"), has provided to the FDIC on March 15, 2004,
satisfactory evidence that it has assumed the liabilities for deposits
of Mid Valley Bank, Red Bluff, California ("Insured
Institution"), as of January 23, 2004, as required by section 307.1
of the FDIC's Rules and Regulations, 12 C.F.R. §307.1, and that
Premier 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 member bank be, and hereby is, terminated as of
March 15, 2004.
IT IS FURTHER ORDERED, that the separate insurance of all deposits
assumed by Premier from the Insured Institution shall terminate at the
expiration of July 23, 2004, or, in the case of any time deposit, the
earliest maturity date after July 23, 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 7th day of April, 2004.