[¶11,000] In the Matter of J. Michael Kinscherff, Bank of Kampsville, Kampsville, Illinois, Docket No. FDIC-94-53k (6-27-94).
Respondent agrees to pay civil money penalty assessed by FDIC.
In the Matter of
J. MICHAEL KINSCHERFF
individually, and as a
BANK OF KAMPSVILLE
(Insured State Nonmember Bank)
ORDER TO PAY
J. Michael Kinscherff ("Respondent") and a representative of the Legal Division of the Federal Deposit Insurance Corporation ("FDIC") executed a Stipulation and Consent to the Issuance of an Order to Pay ("CONSENT AGREEMENT") whereby Respondent, solely for the purpose of this proceeding and without admitting or denying any violations of law or regulation for which civil money penalties may be assessed, consented and agreed to pay a civil money penalty in the amount of $10,000 to the Treasurer of the United States.
After taking into account the CONSENT AGREEMENT, the appropriateness of the penalty with respect to the financial resources and good faith of Respondent, the gravity of the violations of Respondent, the history of previous violations by Respondent, and such other matters as justice requires, the FDIC accepts the CONSENT AGREEMENT and issues the following:
ORDER TO PAY
IT IS HEREBY ORDERED that Respondent is assessed and shall pay a civil money penalty in the amount of $10,000 to the Trea-
surer of the United States within ten days of the effective date of this Order to Pay.
IT IS FURTHER ORDERED that Respondent is prohibited from seeking or accepting indemnification from any FDIC insured depository institution, (i) for the civil money penalty assessed and paid in this matter, or (ii) for any expenses, including attorneys' fees and disbursements, incurred by Respondent in connection with this matter.
This Order to Pay shall be effective upon issuance.
Dated at Washington, D.C., this 27th day of June, 1994.
Pursuant to delegated authority.