FEDERAL DEPOSIT INSURANCE CORPORATION WASHINGTON, D.C. CALIFORNIA DEPARTMENT OF FINANCIAL INSTITUTIONS SAN FRANCISCO, CALIFORNIA

 

 

	)
In the Matter of	)		STIPULATION TO THE
	)		ISSUANCE OF A
SONOMA VALLEY BANK	)		CONSENT ORDER
SONOMA, CALIFORNIA	)
	)		FDIC-10-249b
	)
(INSURED STATE NONMEMBER BANK)	)

 

1. The Bank has been advised of its right to receive a Notice of Charges and of Hearing ("Notice") detailing the unsafe or unsound banking practices and violations of lawand/or regulations alleged to have been committed by the Bank and of its right to a public hearing on the alleged charges under section 8(b)(1) of the Federal Deposit Insurance Act"Act"), 12 U.S.C. § 1818(b)(1), and Section 1913 of the California Financial Code ("CFC"), and has waived those rights.

2. The Bank, solely for the purpose of this proceeding and without admitting or denying any of the alleged charges of unsafe or unsound banking practices and any violations of law and/or regulations, hereby consents and agrees to the issuance of a Consent Order ("Order")

3. In the event the FDIC and the CDFI accept the Stipulation and issue the Order, it is agreed that no action to enforce said Order in the United States District Court will be taken by the FDIC, and no action to enforce said Order in State Superior Court will be taken by the CDFI, unless the Bank or any institution-affiliated party, as such term is defined in section 3(u) of the Act, 12 U.S.C. § 1813(u), has violated or is about to violate any provision of the Order.

4. The Bank hereby waives:

 

(a) The receipt of a Notice;

 

(b) All defenses in this proceeding;

 

(c) A public hearing for the purpose of taking evidence on such alleged charges;

 

(d) The filing of Proposed Findings of Fact and Conclusions of Law;

 

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

 

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

 

(g) The right to appeal.