[¶11,800] In the Matter of First Mountain Bank, Big Bear Lake, California, Docket
No. 01-048k (5-17-01)
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $1,400.
In the Matter of
FIRST MOUNTAIN BANK BIG BEAR LAKE, CALIFORNIA (Insured State Nonmember Bank)
ORDER TO PAY
First Mountain Bank, Big Bear Lake, California ("Bank"), 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 March 12,
2001, whereby the Bank, solely for the purpose of this proceeding and
without admitting or denying any violation of law for which civil money
penalties may be assessed, consented and agreed to pay civil money
penalties in the amount specified below to the Treasurer of the United
After taking into account the CONSENT AGREEMENT, the appropriateness of
the penalty with respect to the financial resources and good faith of
the Bank, the gravity of the violation by the Bank, the history of
previous violations by the Bank, 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 violation set forth in
paragraph 2 of the CONSENT AGREEMENT, a penalty of $1,400 be, and
hereby is, assessed against First Mountain Bank, Big Bear Lake,
The Bank shall pay the civil money penalty to the Treasurer
of the United States.
This Order to Pay shall be effective upon issuance.
Pursuant to delegated authority.
Dated at Washington, D.C., this 17th day of May, 2001.