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


{{3-31-91 p.TC-62}}
   [15,215] Docket No. FDIC-90-57c&b (1-7-91)

In the Matter of

BOUNDARY WATERS STATE BANK
ELY, MINNESOTA
(Insured State Nonmember Bank—In
Receivership)
ORDER TERMINATING
SECTION 8(b)
PROCEEDING AND
SECTION 8(c) ORDER

   IT IS HEREBY ORDERED, that the proceeding against Boundary Waters State Bank, Ely, Minnesota ("Bank"), initiated by the Federal Deposit Insurance Corporation ("FDIC") on April 9, 1990, pursuant to section 8(b) of the Federal Deposit Insurance Act, 12 U.S.C. § 1818(b), be, and hereby is, terminated.
   IT IS FURTHER ORDERED, that the ORDER issued on April 9, 1990, against the Bank by the FDIC, pursuant to section 8(c) of the Federal Deposit Insurance Act, 12 U.S.C. § 1818(c), be, and hereby is, terminated.
   Dated this 7th day of January, 1991.
   Pursuant to delegated authority.

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

Last Updated 6/6/2003 legal@fdic.gov