[¶11,792] In the Matter of West Coast Guaranty Bank, National Association,
Hermitage, Pennsylvania, Docket No. 01-031q (5-4-01)
Status of bank as insured national bank terminated.
In the Matter of
WEST COAST GUARANTY BANK, NATIONAL ASSOCIATION HERMITAGE, PENNSYLVANIA (Insured National 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), and section 18(i)(3) of the Act,
12 U.S.C. §1828(i)(3), the Federal Deposit Insurance Corporation
("FDIC"), having found that First National Bank of Pennsylvania,
Greenville, Pennsylvania ("FNB"), has provided to the FDIC on
February 20, 2001, satisfactory evidence that it has assumed the
liabilities for deposits of West Coast Guaranty Bank, National
Association, Hermitage, Pennsylvania ("WCGB"), as of February 16,
2001, as required by section 307.1 of the FDIC's Rules and
Regulations, 12 C.F.R. §307.1, hereby issues the following ORDER:
IT IS HEREBY ORDERED, that the status of WCGB as an insured
national bank be, and hereby is terminated as of February 20, 2001.
separate insurance of all deposits
assumed by FNB from WCGB shall terminate at the expiration of August
16, 2001, or, in the case of any time deposit, the earliest
maturity date after August 16, 2001, as provided in section 8(q) of
the Act, 12 U.S.C. §1818(q).
IT IS FURTHER ORDERED, that FNB shall give notice of such assumption to
each of the depositors of WCGB within thirty days after such assumption
has taken effect, if it has not already done so, in a manner acceptable
to the Regional Director of the FDIC's New York Regional Office.
Pursuant to delegated authority.
Dated at Washington, D.C., this 4th day of May, 2001.