[¶11,856] In the Matter of The Cottonport Bank, Cottonport, Louisiana, Docket No.
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $12,250.
In the Matter of
THE COTTONPORT BANK COTTONPORT, LOUISIANA (Insured State Nonmember Bank)
ORDER TO PAY
THE COTTONPORT BANK, COTTONPORT, LOUISIANA ("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
July, 2001, whereby Respondent, 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 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
National Flood Insurance Act of 1968 and the Flood Disaster Protection
Act of 1973, as amended by the National Flood Insurance Reform Act of
1994, 42 U.S.C. §4001-4129, and Part 339 of the FDIC Rules and
Regulations, 12 C.F.R. Part 339, set forth in paragraph 4 of the
CONSENT AGREEMENT, a penalty of $12,250.00 be, and hereby is, assessed
against THE COTTONPORT BANK, COTTONPORT, LOUISIANA. The Respondent
shall pay the civil money penalty to the Treasurer of the United
This Order to Pay shall be effective upon issuance.
Pursuant to delegated authority.
Dated at Washington, D.C., this 16th day of October, 2001.