[¶11,785] In the Matter of John A. Williams, Jr., People's Savings Bank of
Brockton, South Easton, Massachusetts, Docket No. 00-113k (4-12-01)
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $25,000.
In the Matter of
JOHN A. WILLIAMS, JR.,individually, and as
an institution-affiliated party of
PEOPLE'S SAVINGS BANK OF BROCKTON SOUTH EASTON, MASSACHUSETTS (Insured State Nonmember Bank)
ORDER TO PAY
John A. Williams, Jr. ("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 October 26, 2000,
whereby Respondent, solely for the purpose of this proceeding and
without admitting or denying any unsafe or unsound banking practices
and/or breaches of fiduciary duty 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
Respondent, the gravity of the conduct by Respondent, the lack of
history of previous misconduct by the Respondent, and such other
matters as justice may require, the FDIC accepts the CONSENT AGREEMENT
and issues the following:
ORDER TO PAY
IT IS HEREBY ORDERED, that by reason of the unsafe or unsound
banking practices and/or breaches of fiduciary duty set forth in
paragraph 3 of the CONSENT
AGREEMENT, a penalty of $25,000.00 be, and
hereby is, assessed against John A. Williams, Jr. 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 12th day of April, 2001.