[¶12,005] In the Matter of G & L Bank, Pensacola, Florida, Docket No. 02-084p
FDIC terminates insured status of bank that no longer receives
In the Matter of
G & L BANK PENSACOLA, FLORIDA (Insured Federal Savings 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 G & L Bank, Pensacola, Florida
("Insured Institution"), is not engaged in the business of
receiving deposits, and issues the following ORDER:
IT IS HEREBY ORDERED, that the status of the Insured Institution
as an insured federal savings bank be, and hereby is, terminated at the
expiration of June 30, 2003, 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, 2003, 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, 2002.