[¶11,780] In the Matter of Peoples Bank of Murray Ky., Murray, Kentucky, Docket
No. 01-030q (4-3-01)
Status of bank as insured state nonmember bank terminated.
In the Matter of
PEOPLES BANK OF MURRAY, KY. MURRAY, KENTUCKY (Insured State Nonmember Bank)
ORDER OF APPROVAL OF TERMINATION OF INSURANCE
Pursuant to section 8(q) of the Federal Deposit Insurance Act (the
"Act"), 12 U.S.C. §1818(q), the Federal Deposit Insurance
Corporation ("FDIC"), having found that Area Bank, Owensboro,
Kentucky ("Area Bank"), has provided to the FDIC on March 8,
2001, satisfactory evidence that it has assumed the liabilities for
deposits of Peoples Bank of Murray, Ky., Murray, Kentucky ("Peoples
Bank"), as of August 18, 2000, as required by section 307.1 of the
FDIC's Rules and Regulations, 12 C.F.R. §307.1, and that Area Bank
has notified Peoples Bank's depositors of its assumption of their
deposits, hereby issues the following ORDER:
IT IS HEREBY ORDERED, that the status of Peoples Bank as an
insured state nonmember bank be, and hereby is, terminated as of March
IT IS FURTHER ORDERED, that the separate insurance of all deposits
assumed by Area Bank from Peoples Bank shall terminate at the
expiration of February 18, 2001, or, in the case of any time deposit,
the earliest maturity date after February 18, 2001, 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 3rd day of April, 2001.