[¶12,282] In the Matter of Wells Fargo Bank New Mexico, National Association,
Albuquerque, New Mexico, Docket No. 04-198q (9-14-04).
Status of bank as insured national bank terminated.
In the Matter of
WELLS FARGO BANK NEW MEXICO, NATIONAL ASSOCIATION ALBUQUERQUE, NEW MEXICO (Insured National 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 Wells Fargo Bank, National
Association, San Francisco, California ("Wells Fargo"), has
provided to the FDIC on August 16, 2004, satisfactory evidence that it
has assumed the liabilities for deposits of Wells Fargo Bank New
Mexico, National Association, Albuquerque, New Mexico ("Insured
Institution"), as of February 20, 2004, as required by section 307.1
of the FDIC's Rules and Regulations, 12 C.F.R. §307.1, and that
Wells Fargo 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 national bank be, and hereby is, terminated as of August
IT IS FURTHER ORDERED, that the separate insurance of all deposits
assumed by Wells Fargo from the Insured Institution shall terminate at
the expiration of August 20, 2004, or in the case of any time deposit,
the earliest maturity date after August 20, 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 14th day of September, 2004.