In the Matter of PRESTON SAVINGS AND LOAN DALLAS, TEXAS
(Insured State Savings Association) ORDER OF ACCEPTANCE
OF VOLUNTARY TERMINATION
OF INSURED STATUS
WHEREAS, pursuant to the provisions of section 8(a) of the Federal Deposit Insurance Act ("Act"), 12 U.S.C. § 1818(a), Preston Savings and Loan, Dallas, Texas ("Insured Institution"), notified the Federal Deposit Insurance Corporation ("FDIC") by letter dated January 9, 1991, that it was no longer desirous of continuing its status as an insured State savings association and wished to voluntarily terminate its insured status; and
WHEREAS, pursuant to section 18(i) of the Act, 12 U.S.C. § 1828(i), the FDIC has considered the factors contained therein as they apply to the Insured Institution, and has determined that no reason exists to prevent the Insured Institution from voluntarily terminating its insured status.
THEREFORE, in consideration of the foregoing, and pursuant to the provisions of section 8(a)(1) of the Act, 12 U.S.C. § 1818(a)(1), the FDIC herewith accepts the Insured Institution's notification of voluntary termination of insured status and issues the following:
IT IS HEREBY ORDERED, that the FDIC accepts the voluntary termination of the insured status of Preston Savings and Loan, Dallas, Texas, as an insured State savings association, and that, therefore, the insured status of the Insured Institution be, and hereby is, terminated at the expiration of May 31, 1991.
IT IS FURTHER ORDERED, that the Insured Institution notify its depositors of the termination of its insured status no later than April 30, 1991, by publication and by mail, in the manner required by section 308.62 of the FDIC's Rules and Regulations, 12 C.F.R. § 308.62.
By direction of the Board of Directors.
Dated at Washington, D.C., this 7th day of May, 1991.