Each depositor insured to at least $250,000 per insured bank



Home > Regulation & Examinations > Bank Examinations > FDIC Enforcement Decisions and Orders




FDIC Enforcement Decisions and Orders

ED&O Home | Search Form | Text Search | ED&O Help


{{3-31-96 p.TC-333}}
   [16,066] Docket No. FDIC-94-33b (1-17-96)

In the Matter of
J. MICHAEL KINSCHERFF
individually, and as an
institution-affiliated party of
CENTRAL STATE BANK
CLAYTON, ILLINOIS
(Insured State Nonmember Bank)

   Paragraph 1 of the ORDER TO CEASE AND DESIST ("ORDER") issued against J. Michael Kinscherff ("Respondent") by the Federal Deposit Insurance Corporation ("FDIC") on March 24, 1994, is hereby amended and modified by replacing the amount of $15,000 with $50,000. In addition, paragraph 3 of the ORDER is hereby amended and modified by deleting the following language:
   As of the effective date of this ORDER, all extensions of credit made by the Re- {{3-31-96p.TC-334}} spondent not subject to the restrictions of paragraph 1 of this ORDER shall be submitted to the reviewing officer for review and subsequent approval.
   The provisions of this MODIFICATION OF ORDER TO CEASE AND DESIST shall be binding on the Respondent.
   Except as specifically modified herein, all of the terms and conditions of the ORDER heretofore issued against the Respondent on March 24, 1994, and which became effective on April 3, 1994, 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.
   Dated at Chicago, Illinois, this 17th day of January, 1996.
   Pursuant to delegated authority.

ED&O Home | Search Form | Text Search | ED&O Help

Last Updated 6/6/2003 legal@fdic.gov