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FDIC Enforcement Decisions and Orders

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{{5-31-02 p.TC-321}}

   [16,023A] In the Matter of Southeast Bank of West Florida, Pensacola, Florida, Docket No. 91-297kk (7-28-95).

In the Matter of
SOUTHEAST BANK OF WEST FLORIDA
PENSACOLA, FLORIDA
(Insured Depository Institution)
related to
SOUTHEAST BANK, NATIONAL ASSOCIATION
MIAMI, FLORIDA
(Commonly Controlled Insured Depository Institution)

FDIC-91-297kk

ORDER OF DISMISSAL

   WHEREAS, the Federal Deposit Insurance Corporation ("FDIC") on September 19, 1991, pursuant to the provisions of section 5(e) of the Federal Deposit Insurance Act ("Act"), 12 U.S.C. §1815(e), and the FDIC's Rules of Practice and Procedures, 12 C.F.R. Part 308, issued a NOTICE OF ASSESSMENT OF LIABILITY, FINDINGS OF FACT AND CONCLUSIONS OF LAW, ORDER TO PAY AND NOTICE OF HEARING ("ASSESSMENT OF LIABILITY") assessing a liability of $143,000,000 against Southeast Bank of West Florida, Pensacola, Florida ("Liable Institution"), for loss incurred or reasonably anticipated by the FDIC in connection with the default on September 19, 1991, of Southeast Bank, National Association, Miami, Florida ("Bank"), a commonly controlled insured depository institution; and

   WHEREAS, FDIC-Corporate, by and through its Enforcement Counsel, has filed a MOTION TO DISMISS in the above-captioned administrative proceeding.

   IT IS HEREBY ORDERED, that FDIC Enforcement Counsel's MOTION TO DISMISS in the above-captioned administrative action is GRANTED with prejudice.

   Dated this 28th day of July, 1995.

   By direction of the Board of Directors.

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