[¶11,993] In the Matter of Philip L. Pankonin, Home State Bank, Louisville,
Nebraska, Docket No. 01-141k (12-6-02).
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $15,000.
In the Matter of
PHILIP L. PANKONIN,
individually, and as an Institution-affiliated party of
HOME STATE BANK,
LOUISVILLE, NEBRASKA (Insured State Nonmember Bank)
ORDER TO PAY CIVIL MONEY PENALTY
Philip L. Pankonin ("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 CIVIL MONEY PENALTY ("CONSENT AGREEMENT") whereby
Respondent, solely for the purpose of this proceeding and without
admitting or denying any violations of law and/or regulations, unsafe
or unsound practices, and/or breaches of fiduciary duty, for which
civil money penalties may be assessed, consented to the issuance of an
ORDER TO PAY CIVIL MONEY PENALTY ("ORDER TO PAY") by the FDIC and
agreed to pay a civil money penalty in the amount of $15,000 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
the Respondent, the gravity of the violations by Respondent, the
history of previous violations or lack thereof by Respondent, and such
other matters as justice requires, the FDIC accepts the CONSENT
AGREEMENT and issues the following:
1 Subsection (b)(8), as referenced in section
8(e)(A)(ii), 12 U.S.C. §1818(e)(7)(A)(ii) has been re-designated as
IT IS HEREBY ORDERED that Respondent is assessed and shall pay a
civil money penalty in the amount of $15,000 to the Treasury of the
United States, the receipt of which has been previously acknowledged.
IT IS FURTHER ORDERED that Respondent is prohibited from seeking or
accepting indemnification from any insured depository institution, (i)
for the civil money penalty assessed and paid in this matter, or (ii)
for any expenses, including attorneys' fees and disbursements,
incurred by Respondent in connection with this matter.
This ORDER shall be effective upon its issuance.
Pursuant to delegated authority.
Dated at Washington, D.C., this 6th day of December, 2002.