{{9-30-04 p.12,244.1}}
[¶12,244] In the Matter of Central State Bank, Clayton,
Illinois, Docket No. 03-157k (7-21-04).
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $8,050.
{{9-30-04 p.12,245.1}}
In the Matter of
CENTRAL STATE BANK
CLAYTON, ILLINOIS
(Insured State Nonmember Bank)
ORDER TO PAY CIVIL MONEY PENALTY
FDIC-03-157k
Central State Bank, Clayton, Illinois ("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 May 20,
2004, whereby Respondent, 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 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 eight thousand
fifty dollars ($8,050.00) be, and hereby is, assessed against
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 21st day of July, 2004.