[¶12,509] In the Matter of Michael C. Winter, First Bank and Trust Company of
Illinois, Palantine, Illinois, Docket No. 02-036k (1-10-06).
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $40,000.
In the Matter of
MICHAEL C. WINTER,
individually, and as an institution-affiliated party of
FIRST BANK AND TRUST COMPANY OF ILLINOIS PALANTINE, ILLINOIS (Insured State Nonmember Bank)
ORDER TO PAY
Michael C. Winter ("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 November 1, 2005,
whereby Respondent, solely for the purpose of this proceeding and
without admitting or denying any violations of regulations 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 Respondent, the
history of previous violations by 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 unsafe or unsound
banking practices and/or breaches of fiduciary duty set forth in
paragraph 3 of the CONSENT AGREEMENT, a penalty of FORTY THOUSAND
DOLLARS ($40,000) be, and hereby is, assessed against the Respondent.
Respondent shall pay the civil money penalty to the Treasury of the
IT IS FURTHER ORDERED that Respondent is prohibited from seeking or
accepting indemnification from any insured depository institution for
the civil money penalty assessed and paid in this matter.
This ORDER TO PAY shall be effective upon issuance.
Pursuant to delegated authority.
Dated at Washington, D.C., this 10th day of January, 2006.