{{8-31-01 p.C-5162}}
[¶11,813] In the Matter of Georgetown Bank & Trust Company, Georgetown,
Kentucky, Docket No. 00-121k (6-27-01)
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $2,000.
In the Matter of
GEORGETOWN BANK & TRUST COMPANY
GEORGETOWN, KENTUCKY
(Insured State Nonmember Bank)
ORDER TO PAY
CIVIL MONEY PENALTY
FDIC-00-121k
Georgetown Bank & Trust Company, Georgetown, Kentucky
("Respondent"), has been advised of the right to receive a
NOTICE OF ASSESSMENT OF CIVIL MONEY PENALTY, FINDINGS OF FACTS AND
CONCLUSIONS OF LAW, ORDER TO PAY, AND NOTICE OF HEARING
("NOTICE") 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 304 of the Home Mortgage Disclosure Act ("HMDA"), 12
U.S.C. §2803, and Section 203.4 of Regulation C of the Board of
Governors of the Federal Reserve System ("Regulation C"), 12
C.F.R. Part 203, for which an ORDER TO PAY may issue, and has been
further advised of the right to a hearing on the alleged charges under
Section 8(i)(2) of the Federal Deposit Insurance Act ("Act"), 12
U.S.C. §1818(i)(2), 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 ("CONSENT AGREEMENT") with a representative of the Legal
Division of the FDIC, whereby solely for the purposes of this
proceeding and without admitting or denying any violations of Section
304 of HMDA, 12 U.S.C. §2803, or Section 203.4 of Regulation C, 12
C.F.R. §203.4, Respondent consented and agreed to pay a civil money
penalty in the amount of $2,000.00, related to its inaccurate
submission of application and loan data for calendar year 1999 required
by 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
regulations for which a civil money penalty of $2,000.00 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 Agreement and issued the following:
ORDER TO PAY
CIVIL MONEY PENALTY
IT IS HEREBY ORDERED, that a penalty of $2,000.00 be, and hereby
is, assessed against Respondent 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 at Washington, D.C. this 27th day of June, 2001.
