[¶11,733] In the Matter of Bank Hapoalim B.M., San Francisco, California, Docket
No. 00-080q (8-28-00).
Status of bank as insured state nonmember bank terminated.
In the Matter of
BANK HAPOALIM B.M. SAN FRANCISCO BRANCH SAN FRANCISCO, CALIFORNIA (Insured State-Licensed Branch of a Foreign Bank)
ORDER OF APPROVAL OFTERMINATION OFINSURANCE
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 Bank Hapoalim B.M., New York City,
New York ("Hapoalim New York"), has provided to the FDIC on June
19, 2000, satisfactory evidence that it has assumed the deposit
liabilities of Bank Hapoalim B.M., San Francisco, California
("Hapoalim San Francisco"), as of June 9, 2000, as required by
section 307.1 of the FDIC's rules and regulations, 12 C.F.R.
§ 307.1, and that Hapoalim New York has notified the depositors of
Hapoalim San Francisco of its assumption of their deposits, hereby
issues the following ORDER:
IT IS HEREBY ORDERED, that the status of Hapoalim San Francisco as
an insured state-licensed branch of a foreign bank be, and hereby is,
terminated as of June 19, 2000.
IT IS FURTHER ORDERED, that the separate insurance of all deposits
assumed by Hapoalim New York from Hapoalim San Francisco shall
terminate at the expiration of December 11, 2000, or, in the case of
any time deposit, the earliest maturity date after December 11, 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 28th day of August, 2000.