{{7-31-04 p.C-5236}}
[¶11,857] In the Matter of M C Bank & Trust Company, Morgan City, Louisiana,
Docket No. 01-121k (10-23-01).
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $8,000.
In the Matter of
M C BANK & TRUST COMPANY
MORGAN CITY, LOUISIANA
(Insured State Nonmember Bank)
ORDER TO PAY CIVIL MONEY PENALTY
FDIC-01-121k
M C Bank & Trust Company ("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 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. Part
203.6, and has been further advised of the right to a hearing on the
alleged 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 ("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 $8,000.00, related to its inaccurate
submission of the application and loan data for calendar years 1999 and
2000 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 regulation for which a civil money penalty of eight thousand
dollars ($8,000.00) 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 Respondent be, and hereby is, assessed a
penalty of $8,000.00 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 23rd day of October, 2001.
