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FDIC Enforcement Decisions and Orders

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{{3-31-97 p.C-2954}}
   [10,700] In the Matter of First Pennsylvania Bank (DEL), Wilmington, Delaware, Docket No. FDIC-92-379p (12-31-92).

   FDIC terminates insured status of institution is no longer in the business of receiving deposits.

In the Matter of

(Insured State Nonmember Bank)


   Pursuant to section 8(p) of the Federal Deposit Insurance Act, 12 U.S.C. § 1818(p), the Federal Deposit Insurance Corporation ("FDIC") hereby finds that First Pennsylvania Bank (DEL), Wilmington, Delaware ("Insured Institution"), is not engaged in the business of receiving deposits, other than trust funds, and issues the following ORDER:


   IT IS HEREBY ORDERED, that the status of the Insured Institution as an insured state member bank be, and hereby is, terminated at the expiration of June 30, 1993, which is the last day of the first full semiannual assessment period following the date of issuance of this ORDER.
   IT IS FURTHER ORDERED, that the Insured Institution notify its depositors, if any, of the termination of its insured status no later than May 31, 1993, in the manner required by section 308.124(c) of the FDIC's Rules of Practice and Procedure, 12 C.F.R. § 308.124(c).
   Dated at Washington, D.C., this 31st day of December, 1992.
   Pursuant to delegated authority.

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Last Updated 6/6/2003

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