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[¶11,916] In the Matter of John C. Bollman, Lena State Bank, Lena, Illinois,
Docket No. 01-109k (4-26-02).
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $25,000.
In the Matter of
JOHN C. BOLLMAN
individually, and as aninstitution-affiliated party of
LENA STATE BANK
LENA, ILLINOIS
(Insured State Nonmember Bank)
ORDER TO PAY
FDIC-01-109k
John C. Bollman ("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 11, 2001,
whereby Respondent, solely for the purpose of this proceeding and
without admitting or denying any violations of
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law or regulation for
which civil money penalties may be assessed, consented and agreed to
pay a civil money penalty in the amount of $25,000 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 violation by Respondent, the history of
previous violations by Respondent, and such other matters as justice
may require, the FDIC accepts the CONSENT AGREEMENT and issued the
following:
ORDER TO PAY
IT IS HEREBY ORDERED, that by reason of the violations and
breaches of fiduciary duty set forth in paragraph 3 of the CONSENT
AGREEMENT, a penalty of $25,000 be, and hereby is, assessed against
Respondent. The Respondent shall pay the civil money penalty to the
Treasury 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 26th day of April, 2002.
