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FDIC Enforcement Decisions and Orders

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{{10-31-92 p.C-2648}}
   [10,623] In the Matter of K.E. Smith, Grant Square Bank & Trust Company, Oklahoma City, Oklahoma, Docket No. FDIC-92-194k (8-18-92).

   Respondent agrees to pay civil money penalty assessed by FDIC.
In the Matter of
K.E. Smith,
individually,
as officer and/or director,
as person participating in the conduct of the affairs, and as
institution-affiliated party of
GRANT SQUARE BANK AND TRUST
COMPANY

OKLAHOMA CITY, OKLAHOMA
(Insured State Nonmember Bank)
AMENDED ORDER TO PAY
FDIC-91-194k

   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 K.E. Smith ("Respondent"), on September 17, 1991, assessing a civil money penalty against Respondent in the amount of $10,000.
   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 amount of $8,000 to the Treasurer of the United States.
   After taking into account said CONSENT AGREEMENT, the appropriateness of the penalty with respect to the financial re- {{10-31-94 p.C-2649}}sources and good faith of the Respondent, the gravity of the violations by the Respondent, the history of previous violations by Respondent, and such other matters as justice requires, the FDIC issues the following:

AMENDED ORDER TO PAY

   IT IS ORDERED, that the ORDER TO PAY issued on September 17, 1991, to Respondent is hereby amended, and K.E. Smith shall be assessed and shall pay a civil money penalty in the amount of $8,000 to the Treasurer of the United States within 30 days after receipt of this AMENDED ORDER TO PAY.
   Dated at Washington, D.C. this 18th day of August, 1992.
   Pursuant to delegated authority.

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