[¶12,047] In the Matter of Household Bank, FSB, Wood Dale, Illinois, Docket No.
Liabilities for bank's deposits having been assumed by another
institution, FDIC terminates bank's deposit insurance. (This
order revises an earlier order of the FDIC dated 4-3-03; see
In the Matter of
HOUSEHOLD BANK, FSB WOOD DALE, ILLINOIS (Insured Federal Savings Association)
REVISED 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 Panhandle State Bank,
Sandpoint, Idaho ("Assuming Institution"), has provided to the
FDIC on January 30, 2003, satisfactory evidence that it has assumed the
liabilities for deposits of Household Bank, FSB, Wood Dale, Illinois
("Household Bank"), as of January 30, 2003, as required by
section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R.
§307.1, and the Assuming Institution has notified Household Bank
depositors of the assumption of their deposits, hereby issues the
IT IS HEREBY ORDERED, that the status of Household Bank as an
insured federal savings association be, and hereby is, terminated as of
January 30, 2003.
IT IS FURTHER ORDERED, that the separate insurance of all deposits
assumed by the Assuming Institution from Household Bank shall terminate
at the expiration of July 30, 2003, or, in the case of any time
deposit, the earliest maturity date after July 30, 2003, 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 20th day of May, 2003.