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[¶10,042A] In the Matter of Ronald
J. Grubb, Kenneth L. Baker, Ernie Cunningham, and Rick L. White, The State Bank
of Rocky, Rocky, Oklahoma, Docket No. 88-284k
(1-25-90)
Respondents agree to pay civil money penalties assessed by the FDIC.
In the Matter of
RONALD J. GRUBB, KENNETH L. BAKER,
ERNIE CUNNINGHAM AND RICK L. WHITE,
Individually, and as directors and/or officers of
THE STATE BANK OF ROCKY
ROCKY, OKLAHOMA
(Insured State Nonmember Bank)
AMENDED ORDER TO PAY
FDIC-88-284k
The Federal Deposit Insurance Corporation ("FDIC") issued a NOTICE OF
ASSESSMENT OF CIVIL MONEY PENALTIES, FINDINGS OF FACT AND CONCLUSIONS OF
LAW, ORDER TO PAY, AND NOTICE OF HEARING ("NOTICE") to Respondents Ronald J.
Grubb, Kenneth L. Baker, Ernie Cunningham, and Rick L. White ("Respondents") on
December 22, 1988, assessing civil money penalties against Respondents in the
amounts of $5,000, $500, $500, and $500, respectively.
Following the issuance of the NOTICE, the Respondents and the FDIC
executed a STIPULATION AND CONSENT TO THE ISSUANCE OF AN AMENDED ORDER TO PAY
("CONSENT AGREEMENT"), whereby Respondents consented and agreed to pay civil
money penalties in the amounts of $1,000, $500, $500, and $500, respectively,
to the Treasurer of the United States.
After taking into account said CONSENT AGREEMENT, the appropriateness
of the penalties with respect to the financial resources and good faith of the
Respondents, the gravity of the violations by the Respondents, the history of
previous violations by the Respondents, and such other matters as justice
requires, the FDIC issues the following:
AMENDED ORDER TO PAY
IT IS ORDERED, that the ORDER TO PAY issued on December 22, 1988, to
the Respondents is hereby amended, and Ronald J. Grubb shall be assessed and
shall pay a civil money penalty in the amount of $1,000; Kenneth L. Baker shall
be assessed and shall pay a civil money penalty in the amount of $500; Ernie
Cunningham shall be assessed and shall pay a civil money penalty in the amount
of $500; and Rick L. White shall pay a civil money penalty in the amount of
$500 to the Treasurer of the United States.
Pursuant to delegated authority.
Dated at Washington, D.C., this 25th day of January, 1990.
