UNITED BEFORE THE BOARD

STATES

OF AMERICA OF THE FEDERAL RESERVE SYSTEM

OF GOVERNORS

WASHINGTON,

D.C.

Docket In the Matter MICHAEL of

No.

97-028-E-I

A. LINDAHL
: :

A Former Officer and Institution-Affiliated Party of

Order of Prohibition Issued Upon Consent Pursuant to the Federal Deposit Insurance Act, as Amended

The Heartland Croton, Ohio

Bank

WHEREAS, Federal 1818(e) Reserve Deposit and

pursuant

to sections Act, as amended

8(e) and

8(i)(3)

of the

Insurance

(the "Act")

(12 U.S.C.

(i) (3)), (the

the Board "Board

of Governors

of the Federal issues this Order of

System

of Governors") against Michael

Prohibition a former section Bank,

(the

"Order") and

A. Lindahl party,

("Lindahl"), in

officer 3(u)

institution-affiliated (12 U.S.C. member nominee 1813(u)), bank, loan due

as defined

of the Act Ohio,

of the Heartland to Lindahl's and alleged

Croton,

a state

participation unauthorized

in fraudulent use

transactions and

of a customer's

assets;

WHEREAS, has consented

by affixing issuance

his

signature Order

hereunder, by the Board he might 263,

Lindahl of

to the

of this

Governors have

and has waived

any and all rights 1818 or 12 CFR of intent evidence

otherwise or otherwise: (b) to a to any judicial

pursuant

to 12 U.S.C.

Part

(a) to the hearing matter review for

issuance

of a notice

to prohibit; with respect

the purpose or set

of taking forth

implied of

in this Order;

(c) to obtain and (d) to

this Order or contest

or any provision in any manner

hereof;

challenge terms,

the basis, of this

issuance, Order

validity,

effectiveness hereof.

or enforceability

or any

provision

NOW, adjudication without made this

THEREFORE,

before on any

the taking issue

of any

testimony

or

of or finding Order

of fact

or law herein; allegation with this

constituting

an admission

of any

or implied and

by the Board solely

of Governors

in connection

proceeding; proceeding,

for the purpose

of settlement hearings

of this or testimony:

without

protracted

or extended

IT IS. HEREBY (i)(3) that: and

ORDERED,

pursuant

to sections (i)(3)

8(e), and (j)),

(j) of the Act

(12 U.S.C.

1818(e),

3

1.

Lindahl, without the prior written

approval of the to

Board of Governors and, where necessary pursuant

section 8(e)(7)(B) of the Act (12 U.S.C. 1818(e) (7) (B)), another federal financial institution regulatory agency, is hereby and henceforth prohibited from:

(a)

Participating in any marzer

in the conduct of in

the affairs of any institution or agency specified

section 8(e)(7) (A) of the Act (12 U.S.C. 1818(e) (7) (A)), including without limitation, any insured depository or any bank or savings association holding company; institution,

(b)

soliciting, procuring,

transferring, to vote any proxy,

attempting to transfer, voting or attempting

consent, or authorization with respect to any voting rights in any institution described in section 8(e) (7) (A) of the Act;

(c)

violating any voting agreement previously

approved by any federal banking agency; or

(d)

voting for a director, or serving as an

institution-affiliated party, such as an officer, director or

4 employee, the Act. of any institution described in section 8(e) (7) (A) of

2. subject both

Any

violation

of this

Order

shall

separately penalties or

Lindahl

to appropriate 8 of the Act

criminal

or civil 1818).

under

section

(12 U:S.C.

3. and shall stayed,

This

Order,

and

each

and every

provision until

hereof, expressly

is

remain

fully

effective

and

enforceable

modified,

terminated

or suspended

in writing

by the Board

of Governors.

4. addressed to:

All

communications

regarding

this Order

shall

be

(a)

Andrew C. Burkle, Jr. Mr. Vice President Federal Reserve Bank of Cleveland 1455 East Sixth Street Cleveland, Ohio 44114

(b)

Mr. Michael A. Lindahl 1378 Goldsmith Drive Westerville, Ohio 43081

5. estop

The

provisions prevent

of this the Board

Order

shall

not bar, or any federal

or otherwise

of Governors

5 or state affecting agency or department from taking any other action

Lindahl.

By order

of the Board ‘ 1998.

of Governok

effective

this

3+ay -

of

F&J 7b-

,b/

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

By:

d/L
I

-r/!&2L William W. Wiles Secretary of the Board