[¶12,055] In the Matter of JCB National Association, Los Angeles, California,
Docket No. 03-077p (5-28-03).
Liabilities for bank's deposits having been assumed by another
institution, FDIC terminates bank's deposit insurance.
In the Matter of
JCB NATIONAL ASSOCIATION LOS ANGELES, CALIFORNIA (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 JCB National Association, Los
Angeles, California ("Insured Institution"), is not engaged in
the business of receiving deposits, other than trust funds, and issues
the following ORDER:
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 December 31, 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 November 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 28th day of May, 2003.