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[¶12,018] In the Matter of Farmers Bank, Antonia, Missouri, Docket No. 02-187k
(2-6-03).
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $2,500.
In the Matter of
FARMERS BANK
ANTONIA, MISSOURI
(Insured State Nonmember Bank)
ORDER TO PAY CIVIL MONEY PENALTY
FDIC-02-187k
Farmers Bank, Antonia, Missouri ("Bank"), has been advised
of its 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 for which
a civil money penalty may be assessed against the Bank pursuant to
section 8(i) of the Federal Deposit Insurance Act ("Act"), 12
U.S.C. §1818(i)(2), section 305 of the Home Mortgage Disclosure Act
("HMDA"), 12 U.S.C. §2804, and section 203.6 of Regulation C
of the Board of Governors
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of the Federal Reserve System, 12 C.F.R.
§203.6, and has been further advised of its right to a hearing on
the charges pursuant to section 8(i)(2)(H) of the Act, 12 U.S.C.
§1818(i)(2)(H), and the FDIC Rules of Practice and Procedure, 12
C.F.R. Part 308.
Having waived those rights, the Bank entered into a STIPULATION AND
CONSENT TO THE ISSUANCE OF AN ORDER TO PAY CIVIL MONEY PENALTY
("CONSENT AGREEMENT") with a representative of the Legal Division
of the FDIC, whereby the Bank, solely for the purpose of this
proceeding and without admitting or denying any violations of law
and/or regulations for which civil money penalties may be assessed,
consented to the issuance of an ORDER TO PAY CIVIL MONEY PENALTY
("ORDER") by the FDIC and agreed to pay a civil money penalty in
the amount of $2,500 to the Treasury of the United States related to
its inaccurate reporting of application and loan data for calendar year
2001 as required by HMDA.
The FDIC considered the matter and determined it had reason to believe
that the Bank has engaged or participated in violations of law or
regulation for which a civil money penalty of $2,500 is appropriate to
be assessed against the Bank.
The FDIC, therefore, accepts the CONSENT AGREEMENT and issues the
following:
ORDER TO PAY CIVIL MONEY PENALTY
IT IS HEREBY ORDERED that the Bank be, and hereby is, assessed a
civil money penalty in the amount of $2,500 pursuant to section 8(i)(2)
of the Act, 12 U.S.C. §1818(i)(2), the receipt of which is hereby
acknowledged.
Pursuant to delegated authority.
Dated at Washington, D.C., this 5th day of February, 2003.
