[¶11,973] In the Matter of Eurobank, Boca Raton, Florida, Docket No. 02-051k
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $2,500.
In the Matter of
EUROBANK BOCA RATON, FLORIDA (Insured State Nonmember Bank)
ORDER TO PAY CIVIL MONEY PENALTY
EUROBANK ("Respondent") has been advised of the right to
receive a NOTICE OF ASSESSMENT OF CIVIL MONEY PENALTY, FINDINGS OF FACT
AND CONCLUSIONS OF LAW, ORDER TO PAY, AND NOTICE OF HEARING issued by
the Federal Deposit Insurance Corporation ("FDIC") detailing the
violations for which a civil money penalty may be assessed against
Respondent pursuant to section 8(i)(2) of the Federal Deposit Insurance
Act ("Act"), 12 U.S.C. §1818(i)(2), section 305 of the Home
Mortgage Disclosure Act ("HMDA"), 12 U.S.C. §2804, and section
203.6 of Regulation C of the Board of Governors of the Federal Reserve
System, 12 C.F.R. §203.6, and has been further advised of the right
to a hearing on the charges under section 8(i) of the Act, 12 U.S.C.
§1818(i), and the FDIC's Rules of Practice and Procedure, 12 C.F.R.
Part 308. Having waived those rights, the Respondent entered into a
STIPULATION AND CONSENT TO THE ISSUANCE OF AN ORDER TO PAY CIVIL MONEY
PENALTY ("CONSENT AGREEMENT") with a representative of the Legal
Division of the FDIC, whereby solely for the purpose of this proceeding
and without admitting or denying any violations, Respondent consented
and agreed to pay a civil money penalty in the amount of $2,500 related
to its inaccurate submission of the application and loan data for
calendar years 1999 and 2000 as required by HMDA.
The FDIC considered the matter and determined it had reason to
believe that the Respondent has engaged or participated in violations
of law or regulation for which a civil money penalty of two thousand
five hundred dollars ($2,500) is appropriate to be assessed against the
Respondent pursuant to section 8(i)(2) of the Act, 12 U.S.C.
IT IS HEREBY ORDERED that Respondent be, and hereby is, assessed a
civil money penalty of $2,500 pursuant to section 8(i)(2) of the Act,
12 U.S.C. §1818(i)(2), the receipt of which is hereby acknowledged.
Pursuant to delegated authority.
Dated at Washington, D.C., this 2nd day of October, 2002.