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FDIC Enforcement Decisions and Orders

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   [11,804] In the Matter of Novato Community Bank, Novato, California, Docket No. 01-028k (5-25-01)

   Respondent agrees to pay civil money penalty assessed by the FDIC in the amount of $7,500.

In the Matter of
(Insured State Nonmember Bank)


   Novato Community Bank, Novato, California ("Bank") 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 January 18, 2001, whereby the Bank, solely for the purpose of this proceeding and without admitting or denying any violation of law for which civil money penalties may be assessed, consented and agreed to pay civil money penalties in the amount specified below 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 the Bank, the gravity of the violation by the Bank, the history of previous violations by the Bank, and such other matters as justice may require, the FDIC accepts the CONSENT AGREEMENT and issues the Following:


   IT IS HEREBY ORDERED, that by reason of the violation set forth in paragraph 2 of the CONSENT AGREEMENT, a penalty of $7,500 be, and hereby is, assessed against Novato Community Bank, Novato, California. The Bank shall pay the civil money penalty to the Treasurer of the United States.

   This Order to Pay shall be effective upon issuance.

   Pursuant to delegated authority.

   Dated at Washington, D.C., this 25th day of May, 2001.

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