[¶12,414] In the Matter of First Security Bank, Searcy, Arkansas, Docket
No. 04-267k (6-7-05).
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $20,700.
In the Matter of
FIRST SECURITY BANK SEARCY, ARKANSAS (Insured State Nonmember Bank)
ORDER TO PAY
First Security Bank, Searcy, Arkansas ("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"), whereby the
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
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 $20,700 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 7th day of June, 2005.