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FDIC Enforcement Decisions and Orders

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{{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.

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Last Updated 7/11/2004 legal@fdic.gov