In the Matter of
AXSYS NATIONAL BANK SIOUX FALLS, SOUTH DAKOTA (Insured National Bank)
ORDER OF TERMINATION OF INSURANCE
Pursuant to section 3(p) of the Federal Deposit Insurance Act, 12
U.S.C. §1818(p), the Federal Deposit Insurance Corporation
("FDIC"), hereby finds that Axsys National Bank, Sioux Falls,
South Dakota ("Insured Institution"), is not engaged in the
business of receiving deposits, other than trust funds, and issues the
IT IS HEREBY ORDERED, that the status of the Insured Institution
as an insured national bank be, and hereby is, terminated at the
expiration of December 31, 2005, which is the last day of the first
full semiannual assessment period following the date of issuance of
IT IS FURTHER ORDERED, that the Insured Institution notify its
depositors, if any, of the termination of its insured status no later
than November 30, 2005, in the manner required by section 308.124(c) of
the FDIC's Rules of Practice and Procedure, 12 C.F.R. §308.124(c).
Pursuant to delegated authority.
Dated at Washington, D.C., this 22nd day of February, 2005.