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.r I" �•.•�f.r!�>t�i�'' �le'�1.' • OFFICE OF THRIFT SUPERVISION 90..00$75 order No. 99 lag ,�`'.t!n•'4'rY" Date t . ,� � •,• v l9. 199— RECITALS i .h k A. First Federal Savinve and Loan Association of York, York, Nebraska (" Association ) is a federally chartered savings association, the accounts of which are insured by the Federal Deposit insurance corporation. e. Pursuant to S 5(d)(2)(e)(1) of the Home Owners, Loan Act of 1933 ( "HOLA "), as amended by S 301 of the Financial Institutions Segorm, Recovery, and Enforcement Act of 1989 ( "FIRREA "I, the uirector of the Office of Thrift supervision ( "Director ") maY, without any requirement of nvItice, hearing or other action, appoint a conservator or receiver for a Federal saving+n association if the association, by resolution of its board 02 directors or of its members, consents to such appointment. C. Pursuant to S 5(d)(2)(H1(ii) 109 HOLA, as amended by S 301 of the Financial institutions Reform, Recovery, and Enforcement Act of 1989, the Director shall appoint only the Federal Deposit Insurance Corporation or the Resolution Trust Corporation, as appropriate, as receiver for a savings association for the purpose of liquidation or winding up the affairs of such savings association. ORDER 1. The Director, upon consideration of the administrative record, and for the rationale aset tforth txecuti the e Legal Memorandum dated Jan" JJA-- C99� finds and Summary dated anu ry 1� . `??') determines tha a) the Aseoc a on s in an unsafe and unsound condition to transact business, due to having substantially insufficient capital in that the Association has negative tangible capital= and (b) the Association, by resolutlon of its board of directors, has consented to the appointment of a receiver= and that grounds for the nmS(d)(a)(A)(iii)e h and Association therefore as amended. exist amended. under 5 YYJ.t•__ — — W� —_ --- � ...��:;��:M.; =::may • .