15-AF-0058-MR-001 — BCB Community Bank (Dismissal)

Summary

HUD dismissed with prejudice its administrative action against BCB Community Bank after the parties reached a settlement agreement. The action originated from a Notice of Administrative Action: Withdrawal issued by HUD in March 2015. The dismissal terminates the proceedings without further hearing or liability under the settlement terms.

UNITED STATES OF AMERICA DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT OFFICE OF HEARINGS AND APPEALS

In the Matter of: BCB COMMUNITY BANK, Respondent.

15-AF-0058-MR-001 May 19, 2015

ORDER GRANTING MOTION TO DISMISS WITH PREJUDICE

On April 6, 2015, BCB Community Bank (“Respondent”) requested a hearing concerning a Notice of Administrative Action: Withdrawal issued by the U.S. Department of Housing and Urban Development (“HUD”) on March 30, 2015.

Thereafter the parties engaged in settlement discussions that resulted in a settlement agreement obviating the need for a hearing in this matter. As a result, and pursuant to that agreement, HUD requested dismissal of the matter on May 19, 2015. A copy of the agreement is attached to the Government’s Motion to Dismiss with Prejudice (“Motion”), but the Court has not been asked to review or approve it.

Accordingly, for good cause shown, the Government’s Motion is GRANTED and the matter is DISMISSED with prejudice.

So ORDERED.

Alexander Fernández Administrative Law Judge

Common questions

What does "15-AF-0058-MR-001 — BCB Community Bank (Dismissal)" cover?

HUD dismissed with prejudice its administrative action against BCB Community Bank after the parties reached a settlement agreement. The action originated…

Which agency issued this update?

This update was issued by HUD MRB.

When does it take effect?

It takes effect on May 19, 2015.

Summary

ORDER GRANTING MOTION TO DISMISS WITH PREJUDICE

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