{{7-31-04 p.C-6101}
[¶12,210] In the Matter of Pioneer Bank, Auburndale, Wisconsin, Docket No.
04-077k (5-18-04).
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $1,200.
In the Matter of
PIONEER BANK
AUBURNDALE, WISCONSIN
(Insured State Nonmember Bank)
ORDER TO PAY
FDIC-04-077k
Pioneer Bank, Auburndale, Wisconsin ("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 March 18,
2004, whereby Respondent, solely for the purpose of this proceeding and
without admitting or denying any violation of law for which a civil
money penalty 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 Respondent, the gravity of the violations by the
Respondent, the history of previous violations by the Respondent, and
such other matters as justice may require, the FDIC accepts the CONSENT
AGREEMENT and issues the following:
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 $1,200 be, and
hereby is, assessed against the Respondent. The Respondent 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 this 18th day of May, 2004.