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(i) the change of status of an insured depository
institution from a Bank Insurance Fund member to a
Savings Association Insurance Fund member or from a
Savings Association Insurance Fund member to a Bank
Insurance Fund member;
(ii) the merger or consolidation of a Bank
Insurance Fund member with a Savings Association
Insurance Fund member;
(iii) the assumption of any liability by--
(I) any Bank Insurance Fund member to
pay any deposits of a Savings Association
Insurance Fund member; or
(II) any Savings Association Insurance
Fund member to pay any deposits of a Bank
Insurance Fund member;
(iv) the transfer of assets of--
(I) any Bank Insurance Fund member to
any Savings Association Insurance Fund member
in consideration of the assumption of
liabilities for any portion of the deposits
of such Bank Insurance Fund member; or
(II) any Savings Association Insurance
Fund member to any Bank Insurance Fund member
in consideration of the assumption of
liabilities for any portion of the deposits
of such Savings Association Insurance Fund
member;
Financial institutions are required by 12 U.S.C. sec.
1815(d)(2)(E) (1994) to pay to the FDIC exit and entrance fees on
conversion transactions, and Metrobank agreed in its bid to pay
these fees to the FDIC. That section provides:
Each insured depository institution participating in a
conversion transaction shall pay--
(i) in the case of a conversion
transaction in which the resulting or
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Last modified: May 25, 2011