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Deposit Insurance Assessment Appeals: Guidelines & Decisions AAC-2001-03 (November 26,
2001)
Decision By letter dated June 26, 2001, you requested a change to the assessment
risk classification assigned to [Bank] (Bank), for the second semiannual
assessment period, which began on July 1, 2001. At its meeting held on November 19, 2001, the Federal Deposit Insurance
Corporations (FDIC) Assessment Appeals Committee (Committee) considered
your request and determined that it should be granted. Based upon your
letter and additional information provided by the Bank at staffs request,
the Committee determined that the Bank should be treated as, in substance, a
de novo institution as a result of the acquisition and merger that
occurred on May 17, 2001. Specifically, as a result of the acquisition and
merger: 1. A new management team was installed; Therefore, the risk classification assigned to the Bank will be changed
from 3C to 1A for the semiannual assessment period beginning July 1,
2001. You may contact Ms. Cheryl Timmons, Chief, Assessment Operations Section
of the FDICs Division of Finance at (202) 416-7546 with questions on the
method and timing of any refunds or credits that result from this action.
By direction of the Assessment Appeals Committee. |
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Last Updated 06/30/2005 | Legal@fdic.gov |