[¶11,751,] In the Matter of PNC Advisors, National Association, Boston, Massachusetts, Docket No. 00-133p (12-26-00)
FDIC terminates insured status of bank that no longer receives deposits. (This order was terminated by order of the FDIC dated 6-26-01; see ¶16,282.)
In the Matter of
PNC ADVISORS, NATIONAL ASSOCIATION BOSTON, MASSACHUSETTS (National Association)
ORDER OF TERMINATION OF INSURANCE
Pursuant to section 8(p) of the Federal Deposit Insurance Act, 12
U.S.C. §1818(p), the Federal Deposit Insurance Corporation
("FDIC"), hereby finds that PNC Advisors, National Association,
Boston, Massachusetts ("PNC"), is not engaged in the business of
receiving deposits, other than trust funds, and issues the following
IT IS HEREBY ORDERED, that the status of PNC as an insured
institution be, and hereby is, terminated at the expiration of June 30,
2001, which is the last day of the first full semiannual assessment
period following the date of issuance of this ORDER.
IT IS FURTHER ORDERED, that PNC notify its depositors, if any, of the
termination of its insured status no later than May 30, 2001, in the
manner required by section 308.124(c) of the FDIC's Rules of Practice
and Procedure, 12 C.F.R. §308.124(c).
Pursuant to delegated authority.
Dated at Washington, D.C., this 26th day of December, 2000.