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[¶11,300B] In the Matter of Middle Georgia Bank, Byron, Georgia, Docket No.
96-079k (6-21-96)
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $6,000.
In the Matter of
MIDDLE GEORGIA
BANKBYRON, GEORGIA
(Insured State Nonmember Bank)
ORDER TO PAY
FDIC-96-079k
Middle Georgia Bank, Byron, Georgia ("Respondent"), has been
advised of the right to receive a NOTICE OF ASSESSMENT OF CIVIL MONEY
PENALTY, FINDINGS OF FACT AND CONCLUSIONS OF LAW, ORDER TO PAY, AND
NOTICE OF HEARING ("NOTICE OF ASSESSMENT") issued by the Federal
Deposit Insurance Corporation ("FDIC") detailing the violations
of law and regulations for which a civil money penalty may be assessed
against the Respondent pursuant to section 8(i)(2), and has been
further advised of the right to a hearing on the alleged charges under
section 8(i)(2)(H) of the Act, 12 U.S.C. §1818(i)(2)(H), and the
FDIC Rules of Practice and Procedure, 12 C.F.R. Part 308. Having waived
those rights, the Respondent entered into a STIPULATION AND CONSENT TO
THE ISSUANCE OF AN ORDER TO PAY CIVIL MONEY PENALTY ("CONSENT
AGREEMENT") with a representative of the Legal Division of the FDIC,
whereby, solely for the purpose of this proceeding, and without
admitting or denying any violations of law or regulations, the
Respondent agreed to pay a civil money penalty of six thousand dollars
($6,000.00) contemporaneously with the execution of the CONSENT
AGREEMENT, and did so.
The FDIC considered the matter and determined it had reason to believe
that Respondent had engaged in violations of law and regulations for
which a civil money penalty of six thousand dollars ($6,000.00) is
appropriate to be assessed against the Respondent pursuant to section
8(i)(2) of the Act, 12 U.S.C. §1818(i)(2).
The FDIC, therefore, accepted the CONSENT AGREEMENT and issued the
following ORDER TO PAY:
IT IS HEREBY ORDERED that Respondent be, and hereby is, assessed a
civil money penalty of six thousand dollars ($6,000.00), receipt of
which is hereby acknowledged.
Pursuant to delegated authority.
Dated at Washington, D.C., this 21st day of June, 1996.
