{{11-30-03 p.C-5868}}
[¶12,094] In the Matter of Mill Creek Bank, Salt Lake City, Utah, Docket No.
03-103q (9-17-03).
Status of bank as insured state nonmember bank terminated.
In the Matter of
MILL CREEK BANK
SALT LAKE CITY, UTAH
(Insured State Nonmember Bank)
ORDER OF APPROVAL OF TERMINATION OF INSURANCE
FDIC-03-103q
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 GE Capital Consumer Card Co., Mason,
Ohio ("GE Capital"), has provided to the FDIC on July 14, 2003,
satisfactory evidence that it has assumed the liabilities for deposits
of Mill Creek Bank, Salt Lake City, Utah ("Insured Institution"),
as of June 25, 2003, as required by section 307.1 of the FDIC's Rules
and Regulations, 12 C.F.R. §307.1, hereby issues the following
ORDER:
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
July 14, 2003.
IT IS FURTHER ORDERED, that the separate insurance of all deposits
assumed by GE Capital from the Insured Institution shall terminate at
the expiration of December 26, 2003, or, in the case of any time
deposit, the earliest maturity date after December 26, 2003, as
provided in section 8(q) of the Act, 12 U.S.C. §1818(q).
IT IS FURTHER ORDERED, that GE Capital shall give notice of such
assumption to each of the depositors of the Insured Institution within
thirty days after such assumption has taken effect, if it has not
already done so, in a manner acceptable to the Regional Director of the
FDIC's Kansas City Regional Office.
Pursuant to delegated authority.
Dated at Washington, D.C., this 17th day of September, 2003.
