[¶12,153] In the Matter of Central Sierra Bank, San Andreas, California, Docket
No. 04-024q (2-25-04).
Status of bank as insured state nonmember bank terminated.
In the Matter of
CENTRAL SIERRA BANK SAN ANDREAS, CALIFORNIA (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 Central California Bank, Sonora,
California ("CCB"), has provided to the FDIC on January 30, 2004,
satisfactory evidence that it has assumed the liabilities for deposits
of Central Sierra Bank, San Andreas, California ("Insured
Institution"), as of July 11, 2003, as required by section 307.1 of
the FDIC's Rules and Regulations, 12 C.F.R.
§307.1, and that CCB
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 state nonmember bank be, and hereby is, terminated as of
January 30, 2004.
IT IS FURTHER ORDERED, that the separate insurance of all
deposits assumed by CCB from the Insured Institution shall terminate at
the expiration of January 12, 2004, or, in the case of any time
deposit, the earliest maturity date after January 12, 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 25th day of February, 2004.