{{8-31-96 p.C-4209}}
[¶11,298] In the Matter of St. Francois County Savings and Loan Association, Farmington, Mo., Docket No. FDIC-96-68q (6-11-96)
Liability for all of bank's deposits having been assumed by another institution, FDIC terminates bank's insured status.
In the Matter of
ST. FRANCOIS COUNTY SAVINGS
AND LOAN ASSOCIATION
FARMINGTON,MISSOURI
(INSURED SAVINGS ASSOCIATION)
ORDER OF APPROVAL OF TERMINATION OF INSURANCE
FDIC-96-68q
Pursuant to section 8(q) of the Federal Deposit Insurance Act (the "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 New Era Bank, Fredericktown, Missouri ("New Era") has provided to the FDIC on April 10, 1996, satisfactory evidence that it has assumed the liabilities for deposits of the St. Francois County Savings and Loan Association, Farmington, Missouri ("St. Francois") as of January 5, 1996, as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R. § 307.1, and that New Era has notified St. Francois depositors of its assumption of their deposits, hereby issues the following ORDER:
ORDER
IT IS HEREBY ORDERED, that the status of St. Francois, as an insured savings association, hereby is terminated as of April 10, 1996.
IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by New Era from St. Francois shall terminate at the expiration of July 5, 1996, or in the case of any time deposit, the earliest maturity date after July 5, 1996, as pro-
{{8-31-96 p.C-4210}}vided in section 8(q) of the Act, 12 U.S.C. § 1818(q).
Pursuant to delegated authority.
Dated at Washington, D.C., this 11th day of June, 1996.
