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FDIC Enforcement Decisions and Orders

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{{10-31-96 p.C-4234}}
   [11,323]In the Matter of NBD Bank, Columbus, Ohio, Docket No. FDIC-96-70q (7-26-96)

   Liability for all of bank's deposits having been assumed by another institution, FDIC terminates bank's insured status.
In the Matter of

(Insured State Nonmember Bank)

   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), Federal Deposit Insurance Corporation ("FDIC"), having found that The Fifth Third Bank, Cincinnati, Ohio, and The Fifth Third Bank of Columbus, Columbus, Ohio ("Assuming Institutions"), have provided to the FDIC on March 20, 1996, satisfactory evidence that they have assumed the liabilities for deposits of NBD Bank, Columbus, Ohio ("NBD Bank"), as of February 23, 1996, as required by section 307.1 of the FDIC's Rules of Practice and Procedure, 12 C.F.R. Part 307.1, and the Assuming Institutions have notified NBD Bank depositors of the assumption of their deposits, hereby issues the following ORDER:


   IT IS HEREBY ORDERED, that the status of NBD Bank as an insured state nonmember bank, is terminated as of March 20, 1996.
   IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by the Assuming Institutions from NBD Bank shall terminate at the expiration of August 23, 1996, or in the case of any time deposit, the earliest maturity date after August 23, 1996, 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 26th day of July, 1996.

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