[¶12,039] In the Matter of First State Bank, Southwest Indiana, Tell City,
Indiana, Docket No. 02-183k (4-21-03).
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $3,850.
In the Matter of
FIRST STATE BANK, SOUTHWEST INDIANA TELL CITY, INDIANA (Insured State Nonmember Bank)
ORDER TO PAY CIVIL MONEY PENALTY
First State Bank, Southwest Indiana, Tell City, Indiana
("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 January 23, 2003, 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 a civil money penalty in the amount
specified below 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 Bank, the gravity of the violations 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 violations set forth
in paragraph 3 of the CONSENT AGREEMENT, a penalty of $3,850.00 be, and
hereby is, assessed against the Bank. The Bank shall pay the civil
money penalty to the Treasury of the United States.
This ORDER TO PAY shall be effective upon issuance.
Pursuant to delegated authority.
Dated at Washington, D.C., this 21st day of April, 2003.