[¶12,095] In the Matter of RFC Banking Company, Findlay, Ohio, Docket No. 03-143q
Status of bank as insured state nonmember bank terminated.
In the Matter of
RFC BANKING COMPANY FINDLAY, OHIO (Insured State Nonmember Bank)
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 First Federal Bank of the Midwest,
Defiance, Ohio ("Assuming Institution"), has provided to the FDIC
on July 28, 2003, satisfactory evidence that it has assumed the
liabilities for deposits of RFC Banking Company, Findlay, Ohio
("RFC"), as of June 6, 2003, as required by section 307.1 of the
FDIC's Rules and Regulations, 12 C.F.R. §307.1, and that the
Assuming Institution has notified RFC depositors of its assumption of
their deposits, hereby issues the following ORDER:
IT IS HEREBY ORDERED, that the status of RFC as an insured state
nonmember bank be, and hereby is, terminated as of July 28, 2003.
IT IS FURTHER ORDERED, that the separate insurance of all deposits
assumed by the Assuming Institution from RFC shall terminate at the
expiration of December 6, 2003, or, in the case of any time deposit,
the earliest maturity date after December 6, 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 17th day of September, 2003.