[¶11,779] In the Matter of eCharge Bank, Salt Lake City, Utah, Docket No. 01-015p
FDIC terminates insured status of bank that no longer receives
In the Matter of
ECHARGE BANK SALT LAKE CITY, UTAH (Insured State Nonmember Bank)
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 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
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
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.