[¶11,724] In the Matter of Standard Financial Corporation, Honolulu, Hawaii, Docket No. 00-061q (6-29-00)
Status of bank as insured state nonmember bank terminated.
In the Matter of
STANDARD FINANCIAL CORP. HONOLULU, HAWAII (Insured State Nonmember Bank)
ORDER OF APPROVAL OF TERMINATION OF INSURANCE FDIC-00-061q
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 First Hawaiian Bank, Honolulu, Hawaii ("First Hawaiian"), has provided to the FDIC on April 20, 2000, satisfactory evidence that it has assumed the deposit liabilities of Standard Financial Corp., Honolulu, Hawaii ("Standard Financial"), as of April 14, 2000, as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R. § 307.1, and that First Hawaiian has notified Standard Financial's depositors of its assumptions of their deposits, hereby issues the following ORDER:
IT IS HEREBY ORDERED, that the status of Standard Financial as an insured state nonmember bank be, and hereby is, terminated as of April 20, 2000.
IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by First Hawaiian from Standard Financial shall terminate at the expiration of October 14, 2000, or, in the case of any time deposit, the earliest maturity date after October 14, 2000, 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 29th day of June, 2000.