{{7-31-04 p.C-6084}
[¶12,206] In the Matter of First Peoples Bank of Tennessee, Jefferson City,
Tennessee, Docket No. 04-090k (5-11-04).
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $6,000.
In the Matter of
FIRST PEOPLES BANK OF TENNESSEE
JEFFERSON CITY, TENNESSEE
(Insured State Nonmember Bank)
ORDER TO PAY CIVIL MONEY PENALTY
FDIC-04-090k
First Peoples Bank of Tennessee, Jefferson City, Tennessee
("Respondent"), has been advised of the right to receive a
NOTICE OF ASSESSMENT OF CIVIL MONEY PENALTY, FINDINGS OF FACTS AND
CONCLUSIONS OF LAW, ORDER TO PAY, AND NOTICE OF HEARING
("NOTICE") issued by the Federal Deposit Insurance Corporation
("FDIC") detailing the violations for which a civil money penalty
may be assessed against Respondent pursuant to Section 8(i)(2) 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 of the Federal Reserve System ("Regulation C"), 12
C.F.R. Part 203.6, and has been further advised of the right to a
hearing on the alleged charges under Section 8(i) of the Federal
Deposit Insurance Act ("Act"), 12 U.S.C. §§ 1818(i), and the
FDIC's Rules of Practice and Procedure, 12 C.F.R. Part 308. Having
waived those rights, the Respondent entered into a STIPULATION AND
CONSENT TO THE ISSUANCE OF AN ORDER TO PAY ("CONSENT AGREEMENT")
with a representative of the Legal Division of the FDIC, whereby solely
for the purposes of this proceeding and without admitting or denying
any violations, Respondent consented and agreed to pay a civil money
penalty in the amount of six-thousand dollars ($6,000.00), related to
its inaccurate submission of the application and loan data for calendar
year 2002 as required by HMDA.
The FDIC considered the matter and determined it had reason to believe
that the Respondent has engaged or participated in violations of law or
regulations for which a civil money penalty of $6,000 is appropriate to
be assessed against the Respondent pursuant to Section 8(i)(2) of the
Act, 12 U.S.C. §1818(i)(2).
The FDIC, therefore, accepted the Agreement and issued the following:
ORDER TO PAY CIVIL MONEY PENALTY
IT IS HEREBY ORDERED, that a penalty of $6,000 be, and
hereby is, assessed against Respondent 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 this 11th day of May, 2004.
