{{5-31-01 p.C-5063}}
[¶11,765] In the Matter of Peoples Community Bank, Columbia, Alabama, Docket No.00-105k (2-14-01)
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $5,500.
In the Matter of
PEOPLES COMMUNITY BANK
COLUMBIA, ALABAMA
(Insured State Nonmember Bank)
ORDER TO PAY CIVIL MONEY PENALTY
FDIC-00-105k
Peoples Community Bank ("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 issued by the Federal Deposit Insurance Corporation
("FDIC") detailing the violations for which a civil money penalty
may be assessed against Respondent pursuant to section 8(i)(2) of the
Federal Deposit Insurance Act ("Act"), 12 U.S.C. §1818(i)(2),
section 305 of the Home Mortgage Disclosure Act ("HMDA"), 12
U.S.C. §2804, and section 203.6, of Regulation C of the Board of
Governors of the Federal Reserve System, 12 C.F.R. §203.6, and has
been further advised of the right to a hearing on the charges under
section 8(i) of the Act, 12 U.S.C. §1818(i), and 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, Respondent consented and agreed to pay a
civil money penalty in the amount of $5,500 related to its inaccurate
submission of the application and loan data for calendar year 1999 as
required by the HMDA.
The FDIC considered the matter and determined it had reason to
believe that the Respondent has engaged or participated in violations
of law or regulation for which a civil money penalty of five thousand,
five hundred dollars ($5,500) 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 CIVIL MONEY PENALTY
IT IS HEREBY ORDERED that Respondent be, and hereby is, assessed a
civil money penalty of $5,500 pursuant to section 8(i)(2) of the Act,
12 U.S.C. §1818(i)(2), the receipt of which is hereby acknowledged.
Pursuant to delegated authority.
Dated this 14th day of February, 2001.
