[¶11,771] In the Matter of State Central Bank, Keokuk, Iowa, Docket No. 01-016k
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $3,500.
In the Matter of
STATE CENTRAL BANK KEOKUK, IOWA Insured State Nonmember Bank
ORDER TO PAY
STATE CENTRAL BANK, KEOKUK, IOWA ("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") dated February
5, 2001, whereby Respondent, solely for the purpose of this proceeding
and without admitting or denying any violations of law and/or
regulations for which civil money penalties may be assessed, consented
and agreed to pay a civil money penalty in the amount specified below
to the Treasury 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 by Respondent, the history of
previous violations by Respondent, and such other matters as justice
may require, the FDIC accepts the CONSENT AGREEMENT and issues the
ORDER TO PAY
IT IS HEREBY ORDERED that, by reason of the violations of the
Flood Disaster Protection Act, 42 U.S.C. §§ 4012a and 4104a, and
Part 339 of the FDIC Rules and Regulations, 12 C.F.R. Part 339, set
forth in paragraph 3 of the CONSENT AGREEMENT, Respondent be, and
hereby is, assessed a civil money penalty of $3,500. Respondent shall
pay the civil money penalty to the Treasury of the United States.
This ORDER TO PAY shall be effective upon issuance.
Pursuant to delegated authority.
Dated at Washington, D.C., this 16th day of March, 2001.