[¶10,612] In the Matter of Hamilton Savings Bank, FSB, San Francisco, California, Docket No. FDIC-92-207q (8-7-92).
Bank having shown that liability for its deposits has been assumed by another institution, FDIC terminates bank's insured status.(Next page is C-2611.)
In the Matter of
HAMILTON SAVINGS BANK, FSB
SAN FRANCISCO, CALIFORNIA
(Insured Federal Savings Bank)
TERMINATION OF INSURANCE
Pursuant to section 8(q) of the Federal Deposit Insurance Act ("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 Home Savings of America, FSB, Irwindale, California ("Home Savings"), has provided to the FDIC on March 30, 1992, satisfactory evidence that it has assumed the liabilities for deposits of Hamilton Savings Bank, FSB, San Francisco, California ("Hamilton Savings"), as of March 27, 1992, as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R. § 307.1, and that Home Savings has notified Hamilton Savings' depositors of its assumption of their deposits, hereby issues the following ORDER:
IT IS HEREBY ORDERED, that the status of Hamilton Savings as an insured federal savings bank be, and hereby is, terminated at the expiration of March 30, 1992.
IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by Home Savings from Hamilton Savings shall terminate at the expiration of September 27, 1992, or in the case of any time deposit, the earliest maturity date after September 27, 1992, as provided in section 8(q) of the Act, 12 U.S.C. § 1818(q).
Dated at Washington, D.C., this 7th day of August, 1992.
Pursuant to delegated authority.