[¶12,503] In the Matter of San Jose Tri-County Bank, San Jose, Illinois,
Docket No. 05-166q (12-1-05).
Status of bank as state nonmember bank terminated.
In the Matter of
SAN JOSE TRI-COUNTY BANK SAN JOSE, ILLINOIS (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 The Havana National Bank,
Havana, Illinois ("The Havana National Bank"), has provided to
the FDIC on November 30, 2005, satisfactory evidence that it has
assumed the liabilities for deposits of San Jose Tri-County Bank, San
Jose, Illinois ("San Jose Tri-County Bank"), as of November 30,
2005, as required by section 307.1 of the FDIC's Rules and
Regulations, 12 C.F.R. §307.1, hereby issues the following ORDER:
IT IS HEREBY ORDERED, that the status of San Jose Tri-County Bank
as an insured state nonmember bank is terminated on November 30, 2005.
IT IS FURTHER ORDERED, that the separate insurance of all deposits
assumed by The Havana National Bank from San Jose Tri-County Bank shall
terminate at the expiration of May 31, 2006, or in the case of any time
deposit, the earliest maturity date after May 31, 2006, as provided in
section 8(q) of the Act, 12 U.S.C. §1818(q).
IT IS FURTHER ORDERED, that The Havana National Bank shall give notice
of such assumption to each of the depositors of San Jose Tri-County
Bank within thirty days after such assumption has taken effect, if it
has not already done so, in a manner acceptable to the Regional
Director of the FDIC's Chicago Regional Office.
Pursuant to delegated authority.
Dated at Washington, D.C., this 1st day of December, 2005.