Home > Regulation & Examinations > Bank Examinations > FDIC Enforcement Decisions and Orders
FDIC Enforcement Decisions and Orders
Status of bank as insured federal savings association terminated.
In the Matter of
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 MFB Financial, Mishawaka, Indiana ("Bank"), has provided to the FDIC on August 10, 2004, satisfactory evidence that it has assumed the liabilities for deposits of Sobieski Bank, South Bend, Indiana ("Insured Institution"), as of August 6, 2004, as required by section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R. §307.1, and the Bank 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 August 10, 2004.
IT IS FURTHER ORDERED, that the separate insurance of all deposits assumed by the Bank from the Insured Institution shall terminate at the expiration of February 7, 2005, or in the case of any time deposit, the earliest maturity date after February 7, 2005, 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 29th day of September, 2004.
|Last Updated firstname.lastname@example.org|