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{{11-30-04 p.12287.1}

[12,287] In the Matter of Pacific Northwest Bank, Oak Harbor, Washington, Docket No. 04-203q (9-14-04).

Status of bank as insured state nonmember bank terminated.

In the Matter of
PACIFIC NORTHWEST BANK
OAK HARBOR, WASHINGTON
(Insured State Nonmember Bank)
ORDER OF APPROVAL OF TERMINATION OF INSURANCE

FDIC-04-203q

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 Wells Fargo Bank, National Association, San Francisco, California ("Wells
{{11-30-04 p.12288.1}

Fargo"), has provided to the FDIC on August 16, 2004, satisfactory evidence that it has assumed the liabilities for deposits of Pacific Northwest Bank, Oak Harbor, Washington ("Insured Institution"), as of April 24, 2004, as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R. §307.1, and that Wells Fargo 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 August 16, 2004.

IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by Wells Fargo from the Insured Institution shall terminate at the expiration of October 25, 2004, or in the case of any time deposit, the earliest maturity date after October 25, 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 14th day of September, 2004.



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Last Updated 4/16/2005 legal@fdic.gov