{{9-30-03 p.C-5810}}
[¶12,070] In the Matter of Sidney Bateman and River Bank, Stoddard, Wisconsin,
Docket No. 03-054k (7-30-03).
Respondent agrees to pay civil money assessed by the FDIC in the amount
of $5,000.
In the Matter of
SIDNEY BATEMAN
individually, and as an institution-affiliated party of
RIVER BANK
STODDARD, WISCONSIN
(Insured State Nonmember Bank)
ORDER TO PAY
FDIC-03-054k
Sidney Bateman ("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 23, 2003, whereby
Respondent, solely for the purpose of this proceeding and without
admitting or denying any unsafe or unsound practices 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
specified below to the Treasury 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 unsafe or unsound practices or
breaches of fiduciary duty by Respondent, the history of previous
practices 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 the alleged practices 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 the
Respondent. The Respondent shall pay the civil money penalty to the
Treasury 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 30th day of July, 2003.