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FDIC Enforcement Decisions and Orders

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{{4-1-90 p.TC-15}}
   [15,057] Docket No. FDIC-89-130b (12-13-89)

In the Matter of

PEOPLES BANK
WESTVILLE, OKLAHOMA
(Insured State Nonmember Bank)
MODIFICATION OF ORDER TO
CEASE AND DESIST

Paragraph 1(f) is added and incorporated into the ORDER TO CEASE AND DESIST ("ORDER") issued to Peoples Bank, Westville, Oklahoma ("Bank") by the Federal Deposit Insurance Corporation ("FDIC") on December 1, 1989, and hereby reads as follows:
1. * * *
   (f) The requirements of paragraph 1(a), above, shall abate for as long as the Bank complies with its capital forbearance plan, as approved by the FDIC, or any modifications thereto. Upon written notice by the Regional Director to the Bank that the Bank's participation in its plan has been terminated, the requirements of paragraph 1(a), above, shall be reinstituted with full force and effect as a part of the ORDER.
   The provisions of this MODIFICATION OF ORDER TO CEASE AND DESIST shall be binding upon the Bank, its subsidiaries, affiliates, employees, agents, successors, assigns, and other persons participating in the conduct of the affairs of the Bank.
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   Except as specifically modified herein, all of the terms and conditions of the Order heretofore issued against the Bank on December 1, 1989 and which became effective on December 11, 1989 shall remain in full force and effect.
   The provisions of this MODIFICATION OF ORDER TO CEASE AND DESIST shall remain effective and enforceable except to the extent that, and until such time as, any provisions of this MODIFICATION OF ORDER TO CEASE AND DESIST shall have been modified, terminated, suspended, or set aside by the FDIC.
   Pursuant to delegated authority.
   Dated at Dallas, Texas, this 13th day of December, 1989.

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