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FDIC Enforcement Decisions and Orders
Status of bank as insured state nonmember bank 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 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.
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