[¶11,299] In the Matter of United Savings Bank, Lebanon, Mo., Docket No. FDIC-96-69q (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
UNITED SAVINGS BANK
(INSURED SAVINGS ASSOCIATION)
ORDER OF APPROVAL OF TERMINATION OF INSURANCE
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 Mercantile Bancorporation Inc., St. Louis, Missouri ("Mercantile"), has provided to the FDIC on May 23, 1996, satisfactory evidence that Mercantile Bank of Boone County, Columbia, Missouri, Mercantile Bank of Lake of the Ozarks, Eldon, Missouri, Mercantile Bank of Missouri Valley, Richmond, Missouri, Mercantile Bank of Monett, Missouri, Mercantile Bank of Phelps County, Rolla, Missouri, Mercantile Bank of Springfield, Springfield, Missouri, and Mercantile Bank of Lebanon, Lebanon, Missouri ("The Mercantile Banks"), have assumed the liabilities for deposits of United Savings Bank, Lebanon, Missouri ("United"), as of close of business on May 18, 1995, as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R. § 307.1, and that The Mercantile Banks have notified United depositors of the assumption of their deposits, hereby issues the following ORDER:
IT IS HEREBY ORDERED, that the status of United, as an insured savings association hereby is terminated as of May 23, 1996.
IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by The Mercantile Banks from United terminated at the expiration of November 20, 1995, or in the case of any time deposit, the earliest maturity date after November 20, 1995, as provided 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.