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FDIC Enforcement Decisions and Orders

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{{2-28-91 p.C-659}}
   [10,136] In the Matter of Glen Ray Randolph, FDIC Docket No. 88-282k (11-13-90).

   After assessment by FDIC of civil money penalty of $2,000, respondent agreed to pay that amount.

   [.1] Civil Money Penalty—Amended Order to Pay

In the Matter of
GLEN RAY RANDOLPH, individually
and as director of
BANK OF HYDRO
HYDRO, OKLAHOMA
(Insured State Nonmember Bank)
AMENDED ORDER TO PAY

   The Federal Deposit Insurance Corporation ("FDIC") issued a NOTICE OF ASSESSMENT OF CIVIL MONEY PENALTIES, FINDINGS OF FACT AND CONCLUSIONS OF LAW, ORDER TO PAY AND NOTICE OF HEARING ("NOTICE") to Respondent Glen Ray Randolph ("Respondent") on December 22, 1988, assessing a civil money penalty against the Respondent in the amount of $2,000.
   Following the issuance of the NOTICE, the Respondent and the FDIC executed a STIPULATION AND CONSENT TO THE ISSUANCE OF AN AMENDED ORDER TO PAY ("CONSENT AGREEMENT"), whereby the Respondent consented and agreed to pay a civil money penalty in the in the amount of $2,000 to the Treasurer of the United States.
   After taking into account said CONSENT AGREEMENT, the appropriateness of the penalty with respect to the financial resources and good faith of the Respondent, the gravity of the violations by the Respondent, the history of previous violations by the Respondent, and such other matters as justice requires, the FDIC issues the following:

AMENDED ORDER TO PAY

   [.1]IT IS ORDERED, that the ORDER TO PAY issued on December 22, 1988, to Re- {{2-28-91 p.C-660}}spondent Glen Ray Randolph is hereby amended and he shall be assessed and shall pay a civil money penalty in the amount of $2,000 to the Treasurer of the United States.
   Pursuant to delegated authority
   Dated at Washington, D.C., this 30th day of November, 1990.

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Last Updated 6/6/2003 legal@fdic.gov