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   [11,985] In the Matter of Joe Brad Bass, Shelby Savings Bank, SSB, Center, Texas, Docket No. 01-013k (11-18-02).

   Respondent agrees to pay civil money penalty assessed by the FDIC in the amount of $2,500.

In the Matter of
JOE BRAD BASS,
individually, and as an institution-affiliated party of
SHELBY SAVINGS BANK, SSB
CENTER, TEXAS
(Insured State Nonmember Bank)
ORDER TO PAY

FDIC-01-013k

   Joe Brad Bass ("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 April 22, 2002, whereby Respondent, solely for the purpose of this proceeding and without admitting or denying any unsafe and unsound practices and breaches of fiduciary duty 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, and did so.

   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 violation by Respondent, the history of previous violations by Respondent, and such other matters as justice may
{{1-31-03 p.C-5630}}

   require, the FDIC accepts the CONSENT AGREEMENT and issues the following:

ORDER TO PAY

   IT IS HEREBY ORDERED, that by reason of the unsafe and unsound practices and breaches of fiduciary duty set forth in paragraph 3 of the CONSENT AGREEMENT, a penalty of $2,500 be, and hereby is, assessed against Joe Brad Bass. The Respondent shall pay the civil money penalty to the Treasurer of the United States.

   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 18th day of November, 2002.

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Last Updated 8/8/2003 legal@fdic.gov