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FDIC Enforcement Decisions and Orders

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{{8-31-99 p.C-4754}}
   [11,630] In the Matter of Timothy J. Eriks and Bank of Homewood, Homewood, Illinois, Docket No. FDIC-98-098k (6-25-99)

   Bank agrees to pay civil money penalty assessed by FDIC.

In the Matter of
TIMOTHY J. ERIKS, individually and
as an institution-affiliated party of
(Insured State Nonmember Bank)

   Timothy J. Eriks 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 Civil Money Penalty (``CONSENT AGREEMENT'') dated February 22, 1999, whereby Respondent, solely for the purpose of this proceeding and without admitting or denying any unsafe or unsound practices for which civil money penalties may be assessed, consented and agreed to pay a civil money penalty in the amount specified below 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 the Respondent, the gravity of the unsafe and unsound practices by the Respondent, the lack of history of previous conduct by Respondent, and such other matters as justice may require, the FDIC accepts the CONSENT AGREEMENT and issues the following:


   IT IS HEREBY ORDERED, that by reason of the unsafe and unsound practices set forth in paragraph 3 of the CONSENT AGREEMENT, a penalty of fifteen thousand dollars ($15,000) be, and hereby is, assessed against Timothy J. Eriks. The Respondent shall pay the civil money penalty to the Treasurer of the United States.
   IT IS FURTHER ORDERED, that the Respondent is prohibited from seeking or accepting indemnification from any insured depository institution for the civil money penalty assessed and paid in this matter.
   This Order to Pay shall be effective upon issuance.
   Pursuant to delegated authority.
   Dated at Washington, D.C., this 25th day of June, 1999.

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Last Updated 6/6/2003

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