[¶11,010] In the Matter of Don G. Teague, Citizens Bank & Trust Company, Springhill, Louisiana, Docket No. FDIC-93-197k (7-18-94).
Respondent agrees to pay amended civil money penalty.
In the Matter of
DON G. TEAGUE, individually,
and as an institution-affiliated
CITIZENS BANK & TRUST
(Insured State Nonmember Bank)
AMENDED ORDER TO PAY
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") against Don G. Teague ("Respondent"), assessing a civil money penalty against the Respondent pursuant to section 18(j)(4) of the Federal Deposit Insurance Act, 12 U.S.C. § 1828(j)(4) (1989), in the amount of $10,000 for alleged violations of section 23A of the Federal Reserve Act, 12 U.S.C. § 371c, section 22(h) of the Federal Reserve Act, 12 U.S.C. § 375b, and section 215.4(a), 215.4(b), and 215.4(c) of Regulation O of the Board of Governors of the Federal Reserve System, 12 C.F.R. Part 215.4(a), (b) and (c) (1992).1
Following the issuance of the Notice, the Respondent and the FDIC executed a stipulation in which the Respondent agreed to pay a civil money penalty in the amount of $5,000.
IT IS HEREBY ORDERED, that the ORDER TO PAY issued on October 27, 1993, to the Respondent, be, and hereby is, amended to read as follows:
IT IS HEREBY ORDERED, that a penalty of $5,000 be, and hereby is, assessed against Don G. Teague pursuant to section 18(j)(4) of the Federal Deposit Insurance Act, 12 U.S.C. § 1828(j)(4) (1989); said penalty shall be paid in the form of a check made payable to the Treasurer of the United States and shall be due upon issuance of this AMENDED ORDER TO PAY.
Dated at Washington, D.C., this 18th day of July, 1994.
Pursuant to delegated authority.
1 Regulation O was amended effective May 18, 1992, 12 C.F.R. Part 215 (1993). The amendments to this part are, for the most part, prospective and do not form the basis for the cause of action in this case. Therefore, all citations to this part pertinent to the proceeding are to be found in the 1992 edition of C.F.R.