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FDIC Enforcement Decisions and Orders

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{{4-1-90 p.TC-35}}
   [15,128] Docket No. FDIC-87-50b (5-31-90)

In the Matter of

THE MACKSVILLE STATE BANK
MACKSVILLE, KANSAS
(Insured State Nonmember Bank)
MODIFICATION OF ORDER TO
CEASE AND DESIST

   Paragraph 3(g) is added and incorporated into the ORDER TO CEASE AND DESIST ("ORDER") issued by the Federal Deposit Insurance Corporation ("FDIC") to The Macksville State Bank, Macksville, Kansas ("Bank"), on March 27, 1987, and provides as follows:
3. * * *
   (g) The requirements of paragraphs 3(a) through (f), inclusive, above, shall be and hereby are suspended as long as the Regional Director is satisfied that the Bank is in substantial compliance with its capital forbearance plan, or any modification thereto, as approved by the Regional Director. Compliance with the capital forbearance plan will be monitored through the submission of semiannual progress reports, review {{4-1-90 p.TC-36}}of Reports of Condition, and Reports of Examination. In the case of noncompliance, written notice will be provided by the Regional Director to the Bank that the Bank's participation in the capital forbearance program has been terminated. Upon receipt of such notification, the requirements of paragraphs 3(a) through (f), inclusive, of the ORDER shall be immediately reinstated and effective.
   The provisions of the ORDER continue to be, and this MODIFICATION OF ORDER TO CEASE AND DESIST ("MODIFICATION") is, binding upon the Bank, its Institution-Affiliated Parties, its successors and assigns, and other persons participating in the conduct of the affairs of the Bank.
   The provisions of the ORDER, as modified by this MODIFICATION, shall remain effective and enforceable except to the extent that, and until such time as, any provisions of the ORDER, as modified by this MODIFICATION, shall have been modified, terminated, suspended or set aside by the FDIC.
   Pursuant to delegated authority.
   Dated this 31st day of May, 1990.

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