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[¶11,405A] In the Matter of Central Carolina Bank and Trust Company, Durham, North
Carolina, Docket No. 97-013k (4-28-97)
Respondent agrees to pay civil money penalty assessed by the FDIC
in the amount of $10,000.
In the Matter of
CENTRAL CAROLINA BANK AND TRUST COMPANY
DURHAM, NORTH CAROLINA
(Insured State Nonmember Bank)
ORDER TO PAY
FDIC-97-013k
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Central Carolina Bank and Trust Company, Durham, North
Carolina ("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) of the Federal Deposit Insurance Act
("Act"), 12 U.S.C. §1818(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's 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 STIPULATION")
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 has agreed
to pay a civil money penalty of ten thousand dollars ($10,000.00).
The FDIC considered the matter and determined it had reason to believe
that the Respondent had engaged in violations of law and regulations
for which a civil money penalty of ten thousand dollars ($10,000.00) 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 ten thousand dollars ($10,000.00)
Pursuant to delegated authority.
Dated at Washington, D.C., this 28th day of April, 1997.
