1998 - Docket No. FDIC denies report to modify order of prohibition from further participation. The Order of Prohibition was issued on June 25, 1992.
Respondent proposes to make the modified Order effective immediately.
In support of his Application, Respondent explains that anonymous letters have been circulating throughout the Granbury, Texas area attacking and questioning leadership of the Granbury Bank because of its prior association with Respondent. The Application for modification of the Order sets out several grounds for requesting such relief. Respondent alleges that anonymous letters have been circulating throughout Granbury, Texas questioning the leadership of Granbury Bank because of its prior association with Respondent Baker and attempting to induce Bank customers to withdraw their deposits. Respondent claims these attacks could ultimately pose a risk to the FDIC insurance fund because they could have a negative effect on the financial position of the Bank. The FDIC, however, finds that the facts do not support this contention.