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FDIC Enforcement Decisions and Orders
Status of bank as insured federal savings association terminated.
In the Matter of
Pursuant to section 8(p) of the Federal Deposit Insurance Act, 12 U.S.C. §1818(p), the Federal Deposit Insurance Corporation ("FDIC"), hereby finds that First Heritage Bank, Albuquerque, New Mexico ("Insured Institution"), is not engaged in the business of receiving deposits, other than trust funds, and 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 at the expiration of June 30, 2006, which is the last day of the first full semiannual assessment period following the date of issuance of this ORDER.
IT IS FURTHER ORDERED, that the Insured Institution notify its depositors, if any, of the termination of its insured status no later than May 31, 2006, 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 4th day of October, 2005.
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