[¶12,296] In the Matter of Sobieski Bank, South Bend, Indiana, Docket No. 04-181q
Status of bank as insured federal savings association terminated.
In the Matter of
SOUTH BEND, INDIANA (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 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.