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{{6-30-03 p.TC-438}}

   [16,334] In the Matter of Southern Pacific Bank, Torrance, California, Docket No. 03-012PCAS (4-23-03).

In the Matter of
SOUTHERN PACIFIC BANK
TORRANCE, CALIFORNIA
(Insured State Nonmember Bank—In Receivership)
ORDER TERMINATING SUPERVISORY PROMPT CORRECTIVE ACTION DIRECTIVE

FDIC-03-012PCAS

   IT IS HEREBY ORDERED, that the SUPERVISORY PROMPT CORRECTIVE ACTION DIRECTIVE issued against Southern Pacific Bank, Torrance, California, on January 24, 2003, pursuant to the FDIC Board of Directors amended delegations of authority dated December 3, 2002, Resolution Seal No. 071098, Section N(12)(a)(v), be, and hereby is, terminated.

   Pursuant to delegated authority.

   Dated at San Francisco, California, this 23rd day of April, 2003.

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Last Updated 6/17/2003 legal@fdic.gov