FEDERAL
DEPOSIT INSURANCE CORPORATION


 


WASHINGTON,
D.C.


 


	 	  )	 
	In the Matter of 	  )	STIPULATION AND CONSENT
	 	  )	TO THE ISSUANCE OF
	THE TALBOT BANK OF EASTON	  )	A CONSENT ORDER
	EASTON, MARYLAND	  )	 
	 	  )	FDIC-13-018b
	(INSURED STATE NONMEMBER BANK)	  )	 
	 	  )	 


 


Subject
to the acceptance of this STIPULATION AND CONSENT TO THE ISSUANCE OF A CONSENT ORDER (“CONSENT AGREEMENT”) by the Federal
Deposit Insurance Corporation (“FDIC”), it is hereby stipulated and agreed by and between a representative of the Legal
Division of the FDIC and The Talbot Bank of Easton, Easton, Maryland (“Bank”), as follows:


 


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 alleged to have been committed by the Bank, and of its right to a 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 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, hereby consents and agrees to the issuance of a CONSENT ORDER (“ORDER”) by the FDIC. The Bank further
stipulates and agrees that such ORDER shall be deemed to be a final ORDER and that such ORDER shall become effective upon the
issuance by the FDIC and fully enforceable by the FDIC pursuant to the provisions of section 8(i)(l) of the Act, 12 U.S.C. §
1818(i)(l), subject only to the conditions set forth in paragraph 3 of this CONSENT AGREEMENT.


 




    	 



    	 



    

  


3.           In
the event the FDIC accepts this CONSENT AGREEMENT and issues the ORDER, it is agreed that no action to enforce the ORDER in the
United States District Court will be taken by the FDIC unless the Bank or any of its directors, officers, employees, agents, successor
or assigns, or other institution-affiliated parties (as that 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 to the allegations to be set forth in the NOTICE;


 


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


 


(d)          the
filing of PROPOSED FINDINGS OF FACT AND CONCLUSIONS OF LAW;


 


(e)          the
issuance of a RECOMMENDED DECISION by an Administrative Law Judge;


 


(f)          Exceptions
and briefs with respect to such RECOMMENDED DECISION; and


 


(g)          judicial
review of the ORDER as provided by section 8(h) of the Act, 12 U.S.C. § 1818(h), or any other challenge
to the validity of the ORDER.


 


	Dated:   May 23, 2013	 	 
	 	 	 
	Federal Deposit Insurance Corporation	 	The Talbot Bank of Easton
	Legal Division	 	Easton, Maryland
	By:	 	By:
	 	 	 
	/s/ Patty S. Ko	 	/s/  Herbert L. Andrew, III
	Patty S. Ko	 	Andrew, Herbert L., III
	Senior Attorney	 	Director
	New York Regional Office	 	 


 




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	 	/s/
     Brenda W. Armistead
	 	Armistead,
    Brenda W.
	 	Director
	 	 
	 	/s/
    Lloyd L.
    Beatty, Jr. 
	 	Beatty,
    Lloyd L., Jr.
	 	Director
	 	 
	 	/s/
     Carole Ann  Clem
	 	Clem,
    Carole Ann 
	 	Director
	 	 
	 	/s/
    Michael R. Clemmer, Jr.
	 	Clemmer,
    Jr., R. Michael 
	 	Director
	 	 
	 	/s/
     John W. Dillon
	 	Dillon,
    John W.
	 	Director
	 	 
	 	/s/
     William W. Duncan
	 	Duncan,
    William W. 
	 	Director
	 	 
	 	/s/
     David A. Fike
	 	Fike,
    David A.
	 	Director
	 	 
	 	/s/
     Duane F. Marshall
	 	Marshall,
    Duane F. 
	 	Director
	 	 
	 	/s/ Stephen M. 
    Shearer
	 	Shearer,
    Stephen M. 
	 	Director
	 	 
	 	/s/ Christopher F.
    Spurry
	 	Spurry,
    Christopher F.
	 	Director


 




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	 	/s/ David P.
    Valliant
	 	Valliant,
    David P.
	 	Director
	 	 
	 	/s/
     W. Moorhead Vermilye
	 	Vermilye,
    W. Moorhead 
	 	Director
	 	 
	 	Comprising
    the Board of Directors of 

The Talbot Bank of Eason 

Easton, Maryland


 




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