[¶12,551] In the Matter of Lakeside Community Bank, Sterling Heights, Michigan,
Docket No. 05-238k (3-19-06).
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $5,550.
In the Matter of
LAKESIDE COMMUNITY BANK STERLING HEIGHTS, MICHIGAN (Insured State Nonmember Bank)
ORDER TO PAY
Lakeside Community Bank, Sterling Heights, Michigan
("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 January 25, 2006, 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 $5,550 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 19th day of March, 2006.