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[¶12,063] In the Matter of ADP Savings Association, Fort Washington,
Pennsylvania, Docket No. 03-118p (6-27-03).
Status of bank as an insured savings association terminated.
In the Matter of
ADP SAVINGS ASSOCIATION
FORT WASHINGTON, PENNSYLVANIA
(Savings Association)
ORDER OF TERMINATION OF INSURANCE
FDIC-03-118p
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 ADP Savings Association, Fort
Washington, Pennsylvania ("ADPSA"), is not engaged in the
business of receiving deposits, other than trust funds, and issues the
following ORDER:
ORDER
IT IS HEREBY ORDERED, that the status of ADPSA as an insured
savings association, 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 ORDER.
IT IS FURTHER ORDERED, that ADPSA notify its depositors, if any, of the
termination of its insured status no later than November
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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 27th day of June, 2003.
