Salt Lick Deposit Bank, Salt Lick, Kentucky ("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
December 22, 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 $8,100 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 24th day of February, 2006.