[¶12,102] In the Matter of Floyd England, Todd England, Savanna-Thomson State
Bank, Thomson, Illinois, Docket No. 02-155k (10-1-03).
Floyd England agrees to pay civil money penalty assessed by the FDIC in
the amount of $18,000. Todd England agrees to pay civil money penalty
assessed by the FDIC in the amount of $7,000.
In the Matter of
FLOYD ENGLAND AND TODD ENGLAND,
individually, and as
institution-affiliated parties of
SAVANNA-THOMSON STATE BANK THOMSON, ILLINOIS (Insured State Nonmember Bank)
ORDER TO PAY
Floyd England and Todd England ("Respondents"), individually
with 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") whereby the Respondents, solely for the purpose of this
proceeding and without admitting or denying any violations of law or
regulation 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
the Respondents, the gravity of the violations, the history of previous
violations, 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 set forth
in paragraph 3 of the CONSENT AGREEMENT, civil money penalties be, and
hereby are, assessed against the Respondents in the following amounts:
The Respondents shall pay the civil money penalties to the
Treasury of the United States.
IT IS FURTHER ORDERED, that the Respondents are prohibited from
seeking or accepting indemnification from any insured depository
institution for the civil money penalties assessed and paid in this
This ORDER TO PAY shall be effective upon issuance.
Pursuant to delegated authority.
Dated at Washington, D.C., this 1st day of October, 2003.