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{{5-31-03 p.C-5033}}

   [11,746] In the Matter of Kelly A. Wyckoff, Hartford-Carlisle Savings Bank, Carlisle, Iowa, Docket No. 00-076e (12-14-00)

   Respondent prohibited from participating in the conduct of affairs of, or exercising voting rights in, any insured institution without the prior written approval of the FDIC.

   [.1]Prohibition, Removal or Suspension—Prohibition From—Participation in Conduct of Affairs

   [.2]Prohibition, Removal or Suspension—Prohibition From—Voting Rights, Exercise of

In the Matter of
KELLY A. WYCKOFF,
individually, and as an institution-affiliated party of
HARTFORD-CARLISLE SAVINGS BANK
CARLISLE, IOWA
(Insured State Nonmember Bank— In Receivership)
ORDER OF PROHIBITION FROM FURTHER PARTICIPATION

FDIC-00-076e

   Kelly A. Wyckoff ("Respondent") has been advised of her right to receive a NOTICE OF INTENTION TO PROHIBIT FROM FURTHER PARTICIPATION ("NOTICE") issued by the Federal Deposit Insurance Corporation ("FDIC") detailing the unsafe or unsound banking practices and breaches of fiduciary duty for which an ORDER OF PROHIBITION FROM FURTHER PARTICIPATION ("ORDER") may issue, and has been further advised of her right to a hearing on those charges under section 8(e) of the Federal Deposit Insurance Act ("Act"), 12 U.S.C. §1818(e), and the FDIC Rules of Practice and Procedure, 12 C.F.R. Part 308. Having waived those rights, Respondent entered into a STIPULATION AND CONSENT TO THE ISSUANCE OF AN ORDER OF PROHIBITION FROM FURTHER PARTICIPATION ("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 unsafe or unsound banking practices or breaches of fiduciary duty, Respondent consented to the issuance of an ORDER by the FDIC.

   The FDIC considered the matter and determined it had reason to believe that:

       (a) Respondent has engaged or participated in unsafe or unsound banking practices and breaches of her fiduciary duty as an institution-affiliated party of Hartford-Carlisle Savings Bank, Carlisle, Iowa ("Bank");

       (b) By reason of such practices and breaches of fiduciary duty, the Bank has suffered damage other than financial loss, the interests of the Bank's depositors have been prejudiced, and Respondent received financial gain; and

       (c) Such practices and breaches of fiduciary duty involve personal dishonesty on the part of Respondent and demonstrate Respondent's willful and continuing disregard for the safety or soundness of the Bank.

   The FDIC further determined that such practices and breaches of fiduciary duty demonstrate Respondent's unfitness to serve as a director, officer, person participating in the conduct of the affairs or as an institution-affiliated party of any insured depository institution or any other agency or organization enumerated in section 8(e)(7)(A) of the Act, 12 U.S.C. §1818(e)(7)(A).

   The FDIC, therefore, accepted the CONSENT AGREEMENT and issued the following:
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ORDER OF PROHIBITION FROM FURTHER PARTICIPATION

   1. Kelly A. Wyckoff is hereby prohibited from:

   [.1] (a) participating in any manner in the conduct of the affairs of any financial institution or organization enumerated in section 8(e)(7)(A) of the Act, 12 U.S.C. §1818(e) (7)(A);

   [.2] (b) soliciting, procuring, transferring, attempting to transfer, voting, or attempting to vote any proxy, consent or authorization with respect to any voting rights in any financial institution enumerated in section 8(e)(7)(A) of the Act, 12 U.S.C. §1818(e) (7)(A);

   (c) violating any voting agreement previously approved by the appropriate Federal banking agency; or

   (d) voting for a director, or serving or acting as an institution-affiliated party, without the prior written approval of the FDIC and the appropriate Federal financial institutions regulatory agency, as that term is defined in section 8(e)(7)(D) of the Act, 12 U.S.C. §1818(e)(7)(D).

   2. This ORDER shall be effective immediately upon issuance. The provisions of this ORDER will remain effective and enforceable except to the extent that, and until such time as, any provision of this ORDER shall have been modified, terminated, suspended, or set aside by the FDIC.

   Pursuant to delegated authority.

   Dated this 14th day of December, 2000.

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