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[¶11,987] In the Matter of Daniel P. Reid, First Trust Bank of Illinois,
Kankakee, Illinois, Docket No. 02-039k (11-18-02)
Respondent agrees to pay civil money penalty assessed by the FDIC in
the amount of $5,000.
In the Matter of
DANIEL P. REID,
individually, and as an institution-affiliated party of
FIRST TRUST BANK OF ILLINOIS
KANKAKEE, ILLINOIS
(Insured State Nonmember Bank)
ORDER TO PAY
FDIC-02-039k
Daniel P. Reid ("Respondent") 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 May 9, 2002, whereby
Respondent, solely for the purpose of this proceeding and without
admitting or denying any violations of law or regulation or breaches of
fiduciary duty for which civil money penalties may be assessed,
consented and agreed to pay a civil money penalty in the amount
specified below to the Treasury 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
Respondent, the gravity of the violations and breaches of fiduciary
duty by Respondent, the history of previous violations by Respondent,
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 violations and
breaches of fiduciary duty set forth in paragraph 3 of the CONSENT
AGREEMENT, a penalty of $5,000 be, and hereby is, assessed against the
Respondent. The Respondent shall pay the civil money penalty to the
Treasury of the United States.
IT IS FURTHER ORDERED that the Respondent is prohibited from seeking or
accepting indemnification from any insured
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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 18th day of November, 2002.
