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[¶11,779] In the Matter of eCharge Bank, Salt Lake City, Utah, Docket No. 01-015p
(4-3-01)
FDIC terminates insured status of bank that no longer receives
deposits.
In the Matter of
ECHARGE BANK
SALT LAKE CITY, UTAH
(Insured State Nonmember Bank)
ORDER OF
TERMINATION OF
INSURANCE
FDIC-01-015p
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 eCharge Bank, Salt Lake City, Utah
("Insured Institution"), is not engaged in the business of
receiving deposits, other than trust funds, and issues the following
ORDER:
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ORDER
IT IS HEREBY ORDERED, that the status of the Insured Institution
as an insured state nonmember bank be, and hereby is, terminated at the
expiration of December 31, 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 the Insured Institution notify its
depositors, if any, of the termination of its insured status no later
than November 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 3rd day of April, 2001.