{{1-31-94 p.C-3523}}
[¶10,906] In the Matter of Mutual Savings and Loan Association, Pasadena, California, Docket No. FDIC-93-222q (11-18-93).
Liability for all bank's deposits having been assumed by another institution, FDIC terminates bank's insured status.
In the Matter of
MUTUAL SAVINGS AND LOAN
ASSOCIATION
PASADENA, CALIFORNIA
(Insured State Chartered Savings and
Loan Association)
ORDER OF APPROVAL
OF TERMINATION
OF INSURANCE
FDIC-93-222q
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 CenFed Bank, A Federal Savings Bank, Santa Monica, California ("CenFed"), has provided to the FDIC on October 12, 1993, satisfactory evidence that it has assumed the liabilities for deposits of Mutual Savings and Loan Association, Pasadena, California ("Mutual"), as of October 8, 1993, as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R. § 307.1, and that CenFed has notified Mutual's depositors of its assumption of their
{{1-31-94 p.C-3524}}deposits, hereby issues the following ORDER:
ORDER
IT IS HEREBY ORDERED, that the status of Mutual as an insured state chartered savings and loan association hereby is terminated as of October 12, 1993.
IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by CenFed from Mutual shall terminate at the expiration of April 8, 1994, or in the case of any time deposit, the earliest maturity date after April 8, 1994, as provided in section 8(q) of the Act, 12 U.S.C. § 1818(q).
Dated at Washington, D.C., this 18th day of November, 1993.
Pursuant to delegated authority.
