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[¶11,649] In the Matter of William H. Bosshard and Sabina Bosshard, Black Earth State Bank, Black Earth, Wisconsin, Docket No. 99-027k (8-25-99)
Respondents agrees to pay civil money penalty assessed by the FDIC in the amount of $5,000 each.
[.1] Civil Money Penalty—Indemnification Prohibited
In the Matter of
WILLIAM H. BOSSHARD and
SABINA BOSSHARD,
individually, and as
institution-affiliated parties of
BLACK EARTH STATE BANK
BLACK EARTH, WISCONSIN
(Insured State Nonmember Bank)
ORDER TO PAY
FDIC-99-027k
William H. Bosshard and Sabina Bosshard ("Respondents") and a representative of the Legal Division of the Federal Deposit Insurance Corporation ("FDIC") each executed a Stipulation and Consent to the Issuance of an Order to Pay ("CONSENT AGREEMENT") dated March 16, 1999, whereby Respondents, solely for the purpose of this proceeding and without admitting or denying any violation of law for which civil money penalties may be assessed, consented and agreed to pay civil money penalties in the amount specified below to the Treasurer 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 Respondents, the gravity of the violation by Respondents, the history of previous violations by Respondents, 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 violation set forth in paragraph 3 of the CONSENT AGREEMENT, a penalty of $5,000 each be, and hereby is, assessed against William H. Bosshard and Sabina Bosshard. The Respondents shall pay the civil
{{10-31-99 p.C-4782}}money penalty to the Treasurer of the United States.
[.1] IT IS FURTHER ORDERED that the Respondents are 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 25th day of August, 1999.
