{{7-31-04 p.C-5933}}
[¶12,127] In the Matter of Barry S. Armstrong and Peoples Bank of Mount
Washington, Mount Washington, Kentucky, Docket No. 03-146k (11-20-03).
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $2,500.
In the Matter of
BARRY S. ARMSTRONG,
individually, and as institution-affiliated party of
PEOPLES BANK OF MOUNT WASHINGTON
MOUNT WASHINGTON, KENTUCKY
(Insured State Nonmember Bank)
ORDER TO PAY
FDIC-03-146k
Barry S. Armstrong ("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 August 22, 2003, whereby
Respondent, 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 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 violation by Respondent, the history of
previous violations 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 violation set forth in
paragraph 3 of the CONSENT AGREEMENT, a penalty of $2,500 be, and
hereby is, assessed against Barry S. Armstrong. 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 this 20th day of November, 2003.
