[¶12,322] In the Matter of The Waterford Commercial
& Savings Bank, Waterford,
Ohio, Docket No.04-174k (11-10-04).
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $2,850.
In the Matter of
THE WATERFORD COMMERCIAL & SAVINGS BANK WATERFORD, OHIO (Insured State Nonmember Bank)
ORDER TO PAY CIVIL MONEY PENALTY
The Waterford Commercial & Savings Bank, Waterford, Ohio
("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 August 9, 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 civil money penalties 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
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
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 $2,850.00 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 at Washington, D.C., this 10th day of November, 2004.