[¶12,488] In the Matter of American Pacific Bank, Portland, Oregon, Docket
No. 05-182q (10-26-05).
Status of bank as insured state nonmember bank terminated.
In the Matter of
AMERICAN PACIFIC BANK PORTLAND, OREGON (Insured State Nonmember 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 Riverview Community Bank, Vancouver,
Washington ("Riverview Community Bank"), has provided to the FDIC
on May 25, 2005, satisfactory evidence that it has assumed the
liabilities for deposits of American Pacific Bank, Portland, Oregon
("Insured Institution"), as of April 22, 2005, as required by
section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R.
§307.1, and that Riverview Community 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 state nonmember bank be, and hereby is, terminated as of
May 25, 2005.
IT IS FURTHER ORDERED, that the separate insurance of all deposits
assumed by Riverview Community Bank from the Insured Institution shall
terminate at the expiration of October 24, 2005, or in the case of any
time deposit, the earliest maturity date after October 24, 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 26th day of October, 2005.