In the Matter of BOUNDARY WATERS STATE BANK ELY, MINNESOTA
(Insured State Nonmember BankIn Receivership) ORDER TERMINATING SECTION 8(b) PROCEEDING AND SECTION 8(c) ORDER
IT IS HEREBY ORDERED, that the proceeding against Boundary Waters State Bank, Ely, Minnesota ("Bank"), initiated by the Federal Deposit Insurance Corporation ("FDIC") on April 9, 1990, pursuant to section 8(b) of the Federal Deposit Insurance Act, 12 U.S.C. § 1818(b), be, and hereby is, terminated.
IT IS FURTHER ORDERED, that the ORDER issued on April 9, 1990, against the Bank by the FDIC, pursuant to section 8(c) of the Federal Deposit Insurance Act, 12 U.S.C. § 1818(c), be, and hereby is, terminated.
Dated this 7th day of January, 1991.
Pursuant to delegated authority.