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<br />90-- 100'78
<br />546.4 with regard to approving the dissolution of NEW THRIFT. The
<br />O!'EiCE also has considered memoranda from the local District Office,
<br />Corporate Activities Division /Supervision and the Corporate and
<br />Securities Division /Chief Counsel's Office, with respect to the
<br />APPLICATIONS. The facts of record, including the bid proposal made
<br />by the ACQUIROR and accepted by the RTC, are consistent with approval
<br />of the APPLICATIONS under the respective standards of the foregoing
<br />statutes and regulations of the OFFICE thereunder. Accordingly,
<br />based on the foregoing, the OFFICE has determined that the
<br />APPLICATIONS should be and hereby are approved. Upon the
<br />consummation of the transfer of the - assets and liabilities of NEW
<br />THRIFT to the Bank the charter of NEW THRIFT will be deemed canceled
<br />and must be promptly returned to the OFFICE.
<br />The RTC has informed the OFFICE that expeditious action on
<br />ACQISIROR'S APPLICATIONS is necessary in order to permit the ACQUIROR
<br />to acquire ce.tain arses and liabilities of OLD THRIFT and continue
<br />to serve the OLD THRIFT's community and customers. In light of these
<br />and all the facts of record in this case, the OFFICE has determined
<br />thatt expeditious action on the APPLICATIONS is necessary.
<br />Accordingly, the ACOUIROR may immediately acquire the assets and
<br />liabilities of OLD THRIFT specified in the ACQUIROR'S bid to the RTC,
<br />prtiyided that the transactions specified in the APPLICATIONS are
<br />consummated within 30 days of the effective date of this Order.
<br />For the foregoing reasons, the OFFICE has determined that,
<br />pursuant to 12 C.F.R. 55 543.2(h), 552.2 -3, 546.2(d)(2), 563.22 and
<br />514.61g), public notice of the APPLICATIONS shall not be required.
<br />In addition, pursuant to Section 18(c)(4),(6) of the FDIA, the OFFICE
<br />finds that it must act immediately in order to preven=t the probable
<br />default of OLD THRIFT= accordingly, the reports required by Section
<br />18(c)14) of the FDIA on the competitive factors of the acquisition,
<br />and the 30 day delay of consummation required•by Section 16(c)(6),
<br />sha=ll be dispensed with.
<br />This action is limited to approval of the transaction according
<br />to the terms and conditions of ACQUIROR'S APPLICATIONS as presented
<br />to the OFF'ICs. This approval is subject to NEW THRIFT obtaining
<br />Insurance of accounts by the Savings Association Insurance Fund, if
<br />required by the Federal Deposit Insurance Corporation, and upon NEW
<br />THRIFT not opening for business. The Senior Associate Chief
<br />Counsel /Director, Corporate and Securities Division, or his designee
<br />are authorized to execute the federal charter of NEW THRIFT. Any
<br />time period specified in this Order may be extended by the District
<br />Director for good cause shown by the Acquiror.
<br />By order of the Director of the Office of Thrift Supervision, or
<br />his designee, effective June 22 1990.
<br />�,,,,,1� q. I w. Mi..
<br />than L. Fiechter
<br />Senior Deputy Director Ior
<br />Supervision
<br />*,w u,.. acre, — .. , . 4
<br />NUN N a 4L , 72
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<br />Clerk
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<br />6&1 4 -6- d V?Aft ►aw
<br />fib 25 0 t1Aar First National Bank
<br />RTC
<br />York, NE 68467
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<br />90-- 100'78
<br />546.4 with regard to approving the dissolution of NEW THRIFT. The
<br />O!'EiCE also has considered memoranda from the local District Office,
<br />Corporate Activities Division /Supervision and the Corporate and
<br />Securities Division /Chief Counsel's Office, with respect to the
<br />APPLICATIONS. The facts of record, including the bid proposal made
<br />by the ACQUIROR and accepted by the RTC, are consistent with approval
<br />of the APPLICATIONS under the respective standards of the foregoing
<br />statutes and regulations of the OFFICE thereunder. Accordingly,
<br />based on the foregoing, the OFFICE has determined that the
<br />APPLICATIONS should be and hereby are approved. Upon the
<br />consummation of the transfer of the - assets and liabilities of NEW
<br />THRIFT to the Bank the charter of NEW THRIFT will be deemed canceled
<br />and must be promptly returned to the OFFICE.
<br />The RTC has informed the OFFICE that expeditious action on
<br />ACQISIROR'S APPLICATIONS is necessary in order to permit the ACQUIROR
<br />to acquire ce.tain arses and liabilities of OLD THRIFT and continue
<br />to serve the OLD THRIFT's community and customers. In light of these
<br />and all the facts of record in this case, the OFFICE has determined
<br />thatt expeditious action on the APPLICATIONS is necessary.
<br />Accordingly, the ACOUIROR may immediately acquire the assets and
<br />liabilities of OLD THRIFT specified in the ACQUIROR'S bid to the RTC,
<br />prtiyided that the transactions specified in the APPLICATIONS are
<br />consummated within 30 days of the effective date of this Order.
<br />For the foregoing reasons, the OFFICE has determined that,
<br />pursuant to 12 C.F.R. 55 543.2(h), 552.2 -3, 546.2(d)(2), 563.22 and
<br />514.61g), public notice of the APPLICATIONS shall not be required.
<br />In addition, pursuant to Section 18(c)(4),(6) of the FDIA, the OFFICE
<br />finds that it must act immediately in order to preven=t the probable
<br />default of OLD THRIFT= accordingly, the reports required by Section
<br />18(c)14) of the FDIA on the competitive factors of the acquisition,
<br />and the 30 day delay of consummation required•by Section 16(c)(6),
<br />sha=ll be dispensed with.
<br />This action is limited to approval of the transaction according
<br />to the terms and conditions of ACQUIROR'S APPLICATIONS as presented
<br />to the OFF'ICs. This approval is subject to NEW THRIFT obtaining
<br />Insurance of accounts by the Savings Association Insurance Fund, if
<br />required by the Federal Deposit Insurance Corporation, and upon NEW
<br />THRIFT not opening for business. The Senior Associate Chief
<br />Counsel /Director, Corporate and Securities Division, or his designee
<br />are authorized to execute the federal charter of NEW THRIFT. Any
<br />time period specified in this Order may be extended by the District
<br />Director for good cause shown by the Acquiror.
<br />By order of the Director of the Office of Thrift Supervision, or
<br />his designee, effective June 22 1990.
<br />�,,,,,1� q. I w. Mi..
<br />than L. Fiechter
<br />Senior Deputy Director Ior
<br />Supervision
<br />*,w u,.. acre, — .. , . 4
<br />NUN N a 4L , 72
<br />_ w
<br />n
<br />Clerk
<br />sc
<br />6&1 4 -6- d V?Aft ►aw
<br />fib 25 0 t1Aar First National Bank
<br />RTC
<br />York, NE 68467
<br />..
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<br />!f 1Jti/1ilUlro -....
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<br />. 2
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<br />90-- 100'78
<br />546.4 with regard to approving the dissolution of NEW THRIFT. The
<br />O!'EiCE also has considered memoranda from the local District Office,
<br />Corporate Activities Division /Supervision and the Corporate and
<br />Securities Division /Chief Counsel's Office, with respect to the
<br />APPLICATIONS. The facts of record, including the bid proposal made
<br />by the ACQUIROR and accepted by the RTC, are consistent with approval
<br />of the APPLICATIONS under the respective standards of the foregoing
<br />statutes and regulations of the OFFICE thereunder. Accordingly,
<br />based on the foregoing, the OFFICE has determined that the
<br />APPLICATIONS should be and hereby are approved. Upon the
<br />consummation of the transfer of the - assets and liabilities of NEW
<br />THRIFT to the Bank the charter of NEW THRIFT will be deemed canceled
<br />and must be promptly returned to the OFFICE.
<br />The RTC has informed the OFFICE that expeditious action on
<br />ACQISIROR'S APPLICATIONS is necessary in order to permit the ACQUIROR
<br />to acquire ce.tain arses and liabilities of OLD THRIFT and continue
<br />to serve the OLD THRIFT's community and customers. In light of these
<br />and all the facts of record in this case, the OFFICE has determined
<br />thatt expeditious action on the APPLICATIONS is necessary.
<br />Accordingly, the ACOUIROR may immediately acquire the assets and
<br />liabilities of OLD THRIFT specified in the ACQUIROR'S bid to the RTC,
<br />prtiyided that the transactions specified in the APPLICATIONS are
<br />consummated within 30 days of the effective date of this Order.
<br />For the foregoing reasons, the OFFICE has determined that,
<br />pursuant to 12 C.F.R. 55 543.2(h), 552.2 -3, 546.2(d)(2), 563.22 and
<br />514.61g), public notice of the APPLICATIONS shall not be required.
<br />In addition, pursuant to Section 18(c)(4),(6) of the FDIA, the OFFICE
<br />finds that it must act immediately in order to preven=t the probable
<br />default of OLD THRIFT= accordingly, the reports required by Section
<br />18(c)14) of the FDIA on the competitive factors of the acquisition,
<br />and the 30 day delay of consummation required•by Section 16(c)(6),
<br />sha=ll be dispensed with.
<br />This action is limited to approval of the transaction according
<br />to the terms and conditions of ACQUIROR'S APPLICATIONS as presented
<br />to the OFF'ICs. This approval is subject to NEW THRIFT obtaining
<br />Insurance of accounts by the Savings Association Insurance Fund, if
<br />required by the Federal Deposit Insurance Corporation, and upon NEW
<br />THRIFT not opening for business. The Senior Associate Chief
<br />Counsel /Director, Corporate and Securities Division, or his designee
<br />are authorized to execute the federal charter of NEW THRIFT. Any
<br />time period specified in this Order may be extended by the District
<br />Director for good cause shown by the Acquiror.
<br />By order of the Director of the Office of Thrift Supervision, or
<br />his designee, effective June 22 1990.
<br />�,,,,,1� q. I w. Mi..
<br />than L. Fiechter
<br />Senior Deputy Director Ior
<br />Supervision
<br />*,w u,.. acre, — .. , . 4
<br />NUN N a 4L , 72
<br />_ w
<br />n
<br />Clerk
<br />sc
<br />6&1 4 -6- d V?Aft ►aw
<br />fib 25 0 t1Aar First National Bank
<br />RTC
<br />York, NE 68467
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