Each depositor insured to at least $250,000 per insured bank



Home > Regulation & Examinations > Bank Examinations > FDIC Enforcement Decisions and Orders




FDIC Enforcement Decisions and Orders

ED&O Home | Search Form | Text Search | ED&O Help


{{5-31-98 p.C-4494}}
   [11,482] In the Matter of James E. Murnane, Bridgeview Bank and Trust Company, Bridgeview, Illinois, Docket No. 97-045k (3-11-98)

   Respondent agrees to pay civil money penalty assessed by the FDIC in the amount of $5,000 in two installments of $2,500 each.

In the Matter of
JAMES E. MURNANE,
individually, and as an
institution-affiliated party of
BRIDGEVIEW BANK AND TRUST
COMPANY

BRIDGEVIEW, ILLINOIS
(Insured State Nonmember Bank)
ORDER TO PAY
FDIC-97-45k

   James E. Murnane ("Respondent") and a representative of the Legal Division of the Federal Deposit Insurance Corporation ("FDIC") executed a stipulation and consent to the Issuance of an Order to Pay ("CONSENT AGREEMENT") dated October 31, 1997, whereby Respondent, solely for the purpose of concluding this proceeding and without admitting or denying any alleged violations of law or regulation or breaches of fiduciary duty for which civil money penalties may be assessed, consented and agreed to pay a civil money penalty in the amount of $5,000 to the Treasurer of the United States.
   After taking into account the CONSENT AGREEMENT, the appropriateness of the penalty with respect to the financial resources and good faith of Respondent, the gravity of the alleged violations or breaches of fiduciary duty by Respondent, the history of previous violations or breaches of fiduciary duty by Respondent, and such other matters as justice may require, the FDIC accepts the CONSENT AGREEMENT and issues the following:

ORDER TO PAY

   IT IS HEREBY ORDERED, that by reason of any alleged violations of law or regulation or breaches of fiduciary duty set forth in paragraph 3 of the CONSENT AGREEMENT, a penalty of $5,000 be, and hereby is, assessed against James E. Murnane. The Respondent shall pay the civil money penalty to the Treasurer of the United States in two installments of $2,500 each, the first of which shall be paid as of the effective date hereof and the second of which shall be paid on or before sixty (60) days thereafter.
   IT IS FURTHER ORDERED that the Respondent is prohibited from seeking or accepting indemnification from any insured depository institution for the civil money penalty assessed and paid in this matter.
   This Order to Pay shall be effective upon issuance.
   Pursuant to delegated authority.
   Dated at Washington, D.C., this 11th day of March, 1998.

ED&O Home | Search Form | Text Search | ED&O Help

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