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[¶12,247] In the Matter of Elderton State Bank, Elderton,
Pennsylvania, Docket No. 04-121k (7-29-04).
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $6,300.
In the Matter of
ELDERTON STATE BANK
ELDERTON, PENNSYLVANIA
(Insured State Nonmember Bank)
ORDER TO PAY CIVIL MONEY PENALTY
FDIC-04-121k
ELDERTON STATE BANK, ELDERTON, PENNSYLVANIA ("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 12, 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 six thousand
three hundred dollars ($6,300) be, and hereby is, assessed against the
Respondent.
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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 29th day of July, 2004.