[¶12,464] In the Matter of The Bank of Spring Valley, Spring Valley,
Wisconsin, Docket No. 05-128k (9-22-05).
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $2,700.
In the Matter of
THE BANK OF SPRING VALLEY SPRING VALLEY, WISCONSIN (Insured State Nonmember Bank)
ORDER TO PAY
The Bank of Spring Valley, Spring Valley, 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 August 9, 2005, 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 $2,700 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 22nd day of September, 2005.