Order Terminating Consent Order Between FDIC and WaterStone Bank, SSB

Contract Categories: Business Operations › Termination Agreements
Summary

The Federal Deposit Insurance Corporation (FDIC) has officially ended a previous consent order against WaterStone Bank, SSB, located in Wauwatosa, Wisconsin. This order, originally issued in December 2009, required the bank to address certain regulatory concerns. As of December 11, 2012, the FDIC has determined that the consent order is no longer necessary and has terminated it. The decision was made by the FDIC's Chicago Regional Director.

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EX-10.1 2 exhibit101.htm
                                       FEDERAL DEPOSIT INSURANCE CORPORATION
 
                                                               WASHINGTON, D.C.
 
 
In the Matter of                          ORDER TERMINATING
                                      CONSENT ORDER      
WATERSTONE BANK, SSB
WAUWATOSA, WISCONSIN
 
(Wisconin Chartered
        Insured Nonmember Bank)
 
 
 
    IT IS HERBY ORDERED, that the CONSENT ORDER ISSUED
 
against WaterStone Bank, SSB, Wauwatosa, Wisconsin ("Bank")
 
pursuant to section 8 (b) of the Federal Deposit Insurance Act,
 
12 U.S.C.    §     1818 (b) and section 220.04 (9) of the Wisconsin
 
Statues, Wis. Stat.    §     220.04 (9) on December 18, 2009, be and
 
hereby is terminated.
 
  
    Pursuant to delegated authority.
 
    Dated this 11th day of December, 2012.
 
 
 
/s/   M. Anthony Lowe
 
M. Anthony Lowe
Regional Director
Chicago Regional Office
Federal Deposit Insurance
  Corporation