FEDERALDEPOSIT INSURANCE CORPORATION

FEDERAL DEPOSIT INSURANCE CORPORATION

1.           The Bank has been advised of its right to receive a NOTICE OF CHARGES AND OF HEARING ("NOTICE") detailing the unsafe and unsound banking practices alleged to have been committed by the Bank and of its right to a hearing on the charges under section 8(b) of the Federal Deposit Insurance Act ("Act"), 12 U.S.C. § 1818(b), and has knowingly waived that right.

 

2.  The Bank, solely for the purpose of this proceeding and without admitting or denying any of the charges of unsafe or unsound banking practices, hereby consents and agrees to the issuance of an ORDER TO CEASE AND DESIST ("ORDER") by the FDIC.

 

3.           The Bank further stipulates and agrees that such ORDER shall be deemed to be a cease-and-desist order which has become final and unappealable, and that the ORDER shall become effective ten (10) days after its issuance by the FDIC and fully enforceable by the FDIC pursuant to the provisions of section 8(i) of the Act, 12 U.S.C. § 1818(i), subject only to the conditions set forth in paragraph 4 of this CONSENT AGREEMENT.

 

4.           In the event the FDIC accepts this CONSENT AGREEMENT and issues the ORDER, it is agreed that no action to enforce the ORDER will be taken by the FDIC in the United States District Court or the appropriate Federal Circuit Court unless the Bank, any Bank institution-affiliated party, as that term is defined in section 3(u) of the Act, 12 U.S.C. § 1813(u), or any of its successors or assigns, has violated or is about to violate any provision of the ORDER.

 

5.           The Bank hereby waives:

 

(a)           The receipt of a NOTICE;

 

(b)           All defenses and counterclaims of any kind to this proceeding;

 

(c)           A hearing for the purpose of taking evidence on the allegations in the NOTICE;

 

 

(d)           The filing of proposed findings of fact and conclusions of law;

 

(e)           A recommended decision of an Administrative Law Judge; and

 

(f)           Exceptions and briefs with respect to such recommended decision.

 

Dated this 20th day of February, 2009.

FEDERAL DEPOSIT INSURANCE		REPUBLIC BANK & TRUST COMPANY
CORPORATION,		LOUISVILLE, KENTUCKY
LEGAL DIVISION
By:		By:

/s/ Louis J. DiPetro		/s/ Ronald F Barnes
Louis J. DiPietro		Ronald F. Barnes
Deputy Regional Counsel		Director
		/s/ Campbell Brown
		Campbell Brown
		Director
		/s/ Stan Curtis
		Stan Curtis
		Director
		/s/ Laura M. Douglas
		Laura M. Douglas
		Director
		/s/ George E. Fischer
		George E. Fischer
		Director

 

 

		/s/ D. Harry Jones
		D. Harry Jones
		Director
		/s/ Tom Jurich
		Tom Jurich
		Director
		/s/ Kent Oyler
		Kent Oyler
		Director
		/s/ Mary Ellen Slone
		Mary Ellen Slone
		Director
		/s/ A. Scott Trager
		A. Scott Trager
		Director
		/s/ Bernard M. Trager
		Bernard M. Trager
		Director
		/s/ Steven E. Trager
		Steven E. Trager
		Chairman of the Board
		Comprising the Board of
		Directors of
		REPUBLIC BANK & TRUST COMPANY
		LOUISVILLE, KENTUCKY