[¶12,132] In the Matter of Pioneer Bank,
A FSB, Baker City, Oregon, Docket No.
Status of bank as insured federal savings association terminated.
In the Matter of
PIONEER BANK, A FSB BAKER CITY, OREGON (Insured Federal Savings Association)
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 FirstBank Northwest, Clarkston,
Washington ("FBN"), has provided to the FDIC on November 21,
2003, satisfactory evidence that it has assumed the liabilities for
deposits of Pioneer Bank, A FSB, Baker City, Oregon ("Insured
Institution"), as of October 31, 2003, as required by section 307.1
of the FDIC's Rules and Regulations, 12 C.F.R. §307.1, and that FBN
has notified the Insured Institution's depositors of its assumption of
their deposits, hereby issues the following ORDER:
IT IS HEREBY ORDERED, that the status of the Insured Institution
as an insured federal savings association be, and hereby is, terminated
as of November 21, 2003.
IT IS FURTHER ORDERED, that the separate insurance of all deposits
assumed by FBN from the Insured Institution shall terminate at the
expiration of April 30, 2004, or, in the case of any time deposit, the
earliest maturity date after April 30, 2004, 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 16th day of December, 2003.