[¶11,822] In the Matter of First International Bank, Hartford, Connecticut,
Docket No. 01-099q (8-7-01)
Status of bank as insured state nonmember bank terminated.
In the Matter of
FIRST INTERNATIONAL BANK HARTFORD, CONNECTICUT (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), and section 18(i)(3) of
the Act, 12 U.S.C. § 1828(i)(3), the Federal Deposit Insurance
Corporation ("FDIC"), having found that Hudson United Bank,
Mahwah, New Jersey, has provided to the FDIC on August 7, 2001,
satisfactory evidence that it has assumed the liabilities for deposits
of First International Bank, Hartford, Connecticut, as of August 7,
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 First International Bank
as an insured state nonmember bank be, and hereby is, terminated on
August 7, 2001.
IT IS FURTHER ORDERED, that the separate insurance of all deposits
assumed by Hudson United Bank from First International Bank shall
terminate at the expiration of February 7, 2002, or, in the case of any
time deposit, the earliest maturity date after February 7, 2002, as
provided in section 8(q) of the Act, 12 U.S.C. § 1818(q).
IT IS FURTHER ORDERED, that Hudson United Bank shall give notice of
such assumption to each of the depositors of First International Bank
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 Boston Regional Office.
Pursuant to delegated authority.
Dated at Washington, D.C., this 7th day of August, 2001.