{{4-30-03 p.C-5147}}
[¶11,804] In the Matter of Novato Community Bank, Novato, California, Docket No.
01-028k (5-25-01)
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $7,500.
In the Matter of
NOVATO COMMUNITY BANK
NOVATO, CALIFORNIA
(Insured State Nonmember Bank)
ORDER TO PAY
FDIC-01-028k
Novato Community Bank, Novato, California ("Bank") 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
18, 2001, whereby the Bank, 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
the Bank, the gravity of the violation by the Bank, the history of
previous violations by the Bank, 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 2 of the CONSENT AGREEMENT, a penalty of $7,500 be, and
hereby is, assessed against Novato Community Bank, Novato, California.
The Bank shall pay the civil money penalty to the Treasurer of the
United States.
This Order to Pay shall be effective upon issuance.
Pursuant to delegated authority.
Dated at Washington, D.C., this 25th day of May, 2001.
