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FDIC Enforcement Decisions and Orders |
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A bank director, without admitting or denying any of the allegations against him, consented to the issuance by the FDIC of an Order of Prohibition from Further Participation in the affairs of the bank. (Further proceedings in this docket appear at [¶
In the Matter of * * * BANK (INSURED
Subject to the acceptance of this STIPULATION AND CONSENT TO THE ISSUANCE OF AN ORDER OF PROHIBITION FROM FURTHER PARTICIPATION ("CONSENT AGREEMENT") by the Board of Directors of the Federal Deposit Insurance Corporation ("FDIC"), it is hereby stipulated and agreed by and between a representative of the Legal Division of the FDIC and * * *, * * *, as follows:
FDIC-85-363e
On December 30, 1985, the Board of Directors ("Board") of the Federal Deposit Insurance Corporation ("FDIC") issued to * * * ("Respondent") a NOTICE OF INTENTION TO REMOVE FROM OFFICE AND TO PROHIBIT FROM FURTHER PARTICIPATION ("NOTICE").
ORDER OF PROHIBITION FROM
1. IT IS HEREBY ORDERED, that * * * shall not serve or act as a director, officer, or employee, or vote (directly or indirectly) for any director at * * * Bank, * * *, or any other bank insured by the FDIC, without the prior approval of the FDIC, at any time prior to December 31, 1990. Following December 31, 1990, Mr. * * * shall not serve or act as a director, officer or employee or vote for any director at * * * Bank, * * *, or any other bank insured by the FDIC, unless he has given the FDIC thirty (30) days' prior written notice of his intention to serve or act in such capacity. |
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Last Updated 6/6/2003 | legal@fdic.gov |