[¶11,885] In the Matter of Commercial Bank of New York, New York, New York,
Docket No. 01-169q (1-7-02).
Status of bank as insured state nonmember bank terminated.
In the Matter of
COMMERCIAL BANK OF NEW YORK NEW YORK CITY, NEW YORK (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 North Fork Bank, Mattituck, New York
("Assuming Institution"), has provided to the FDIC on November
28, 2001, satisfactory evidence that it has assumed the liabilities for
deposits of Commercial Bank of New York, New York City, New York
("Insured Institution"), as of November 9, 2001, as required by
section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R.
§307.1, and that Assuming Institution has notified Insured
Institution's depositors of its assumption of their deposits, hereby
issues the following ORDER:
IT IS HEREBY ORDERED, that the status of the Insured Institution
as an insured state nonmember bank be, and hereby is, terminated as of
November 28, 2001.
IT IS FURTHER ORDERED, that the separate insurance of all deposits
assumed by Assuming Institution from Insured Institution shall
terminate at the expiration of May 9, 2002, or, in the case of any time
deposit, the earliest maturity date after May 9, 2002, 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 7th day of January, 2002.