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{{1-31-92 p.TC-107}}
[¶15,372] Docket No. FDIC-90-259e (12-18-91)
In the Matter of
Robert A. Carrane
individually, and as an
Institution affiliated party of
KEMPTON STATE BANK
KEMPTON, ILLINOIS
(Insured State Nonmember Bank)
ORDER MODIFYING
ORDER OF REMOVAL FROM
OFFICE AND PROHIBITION
FROM FURTHER PARTICIPATION
IT IS HEREBY ORDERED that the Order of Removal from Office and Prohibition from Further Participation issued against Robert A. Carrane ("Respondent") on January 22, 1991, pursuant to delegated authority, under section 8(e) of the Federal Deposit Insurance Act, 12 U.S.C. § 1818(e), be, and hereby is modified to permit the Respondent to:
a) Prepare and file with the Iowa Secretary of State, the required annual report of Ford Financial Corporation, an Iowa corporation and the holding company of Kempton State Bank ("Bank");
b) Prepare and file with the Illinois Secretary of State, the required Illinois foreign corporation annual report of Ford Financial Corporation;
c) Prepare and file with the Federal Reserve Bank of Chicago, the required Parent Company Only Financial Statement on form F.R. Y-9 and the Annual Report of Bank Holding Companies on form F.R. Y-6 of Ford Financial Company; and
d) Vote any shares of Bank stock owned personally by Respondent and all shares of Bank stock owned by Ford Financial Corporation in favor of a plan for the total liquidation of the Bank and the purchase of its assets and the assumption of its liabilities, or a sale of the Bank's stock or substantially all of its assets, as may be proposed by the board of directors of the Bank, provided: any such plan or proposal shall first be submitted to and approved by the Regional Director of the Chicago Regional Office of the Federal Deposit Insurance Corporation and receive all other required regulatory approvals,
Dated: December 18, 1991.
Pursuant to delegated authority.
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