Home > News & Events > Press Releases




Press Releases

FEDERAL DEPOSIT INSURANCE CORPORATION
WASHINGTON, D.C.


In the Matter of

JOHN C. BOLLMAN
individually, and as an
institution-affiliated party of

LENA STATE BANK
LENA, ILLINOIS

(Insured State Nonmember Bank)

ORDER TO PAY
FDIC-01-109k

John C. Bollman ("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 October 11, 2001, whereby Respondent, 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 of $25,000 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 violation 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 $25,000 be, and hereby is, assessed against 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 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________day of___________, 2002.

 


Michael J. Zamorski
Director
Division of Supervision

Last Updated 05/08/2002 communications@fdic.gov