[¶11,877] In the Matter of First Retail Bank, N.A., Flowery Branch, Georgia,
Docket No. 01-151p (12-20-01).
FDIC terminates insured status of bank that no longer receives
In the Matter of
FIRST RETAIL BANK, N.A. FLOWERY BRANCH, GEORGIA (Insured National 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 First Retail Bank, N.A., Flowery
Branch, Georgia ("Insured Institution") is not engaged in the
business of receiving deposits, other than trust funds, and issues the
IT IS HEREBY ORDERED, that the status of the Insured Institution
as an insured national bank be, and hereby is, terminated at the
expiration of June 30, 2002, which is the last day of the first full
semiannual assessment period following the date of issuance of this
IT IS FURTHER ORDERED, that the Insured Institution notify its
depositors, if any, of the termination of its insured status no later
than May 30, 2002, 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 20th day of December, 2001.