{{9-30-00 p.C-4611}}
[¶11,551A] In the Matter of North Milwaukee State Bank, Milwaukee, Wisconsin,
Docket No. 98-17k (9-11-98)
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $2,500.
In the Matter of
NORTH MILWAUKEE STATE BANK
MILWAUKEE, WISCONSIN
(Insured State Nonmember Bank)
ORDER TO PAY
FDIC-98-17k
North Milwaukee State Bank, Milwaukee, Wisconsin
("Respondent"), has been advised of the right to receive a NOTICE
OF ASSESSMENT OF CIVIL MONEY PENALTY, FINDINGS OF FACT AND CONCLUSIONS
OF LAW, ORDER TO PAY, and NOTICE OF HEARING ("NOTICE OF
ASSESSMENT") issued by the Federal Deposit Insurance Corporation
("FDIC") detailing the violations of law and regulations for
which a civil money penalty
{{9-30-00 p.C-4612}}
may be assessed against the Respondent
pursuant to section 8(i)(2) of the Federal Deposit Insurance Act
("Act"), 12 U.S.C. §1818(i)(2), and has been further advised
of the right to a hearing on the alleged charges under section
8(i)(2)(H) of the Act, 12 U.S.C. §1818(i)(2)(H), and Part 308 of the
FDIC's Rules of Practice and Procedure, 12 C.F.R. Part 308. Having
waived those rights, the Respondent entered into a STIPULATION AND
CONSENT TO THE ISSUANCE OF AN ORDER TO PAY CIVIL MONEY PENALTY
("CONSENT AGREEMENT") with a representative of the Legal Division
of the FDIC, whereby, solely for the purpose of this proceeding, and
without admitting or denying any violations of law or regulations, the
Respondent agreed to pay a civil money penalty of two thousand five
hundred dollars ($2,500.00) contemporaneously with the execution of the
CONSENT AGREEMENT, and did so.
The FDIC considered the matter and determined it had reason to believe
that Respondent had engaged in violations of law and regulations for
which a civil money penalty of two thousand five hundred dollars
($2,500.00) is appropriate to be assessed against the Respondent
pursuant to section 8(i)(2) of the Act, 12 U.S.C. §1818(i)(2).
The FDIC, therefore, accepted the CONSENT AGREEMENT and issued the
following ORDER TO PAY:
IT IS HEREBY ORDERED that Respondent be, and hereby is, assessed a
civil money penalty of two thousand five hundred dollars ($2,500.00),
receipt of which is hereby acknowledged.
Pursuant to delegated authority.
Dated at Washington, D.C., this 11th day of September, 1998.
