Press Release
FDIC Makes Public May Enforcement Actions; One Administrative Hearing Scheduled For July 2011| FOR IMMEDIATE RELEASE June 24, 2011 |
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in May. One administrative hearing is scheduled for July 2011.
The FDIC processed a total of 57 matters in May. These included 10 consent orders; 14 removal and prohibition orders; 11 civil money penalties; one prompt corrective action; 13 orders terminating consent orders and orders to cease and desist; one order terminating order to cease and desist and modification of order to cease and desist; two orders terminating supervisory prompt corrective action directive; two notices of charges and of hearing; one amended notice of charges for an order to cease and desist; notice of assessment of civil money penalties, findings of fact of conclusions of law; order to pay; and notice of hearing; and two adjudicated decisions.
Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 3501 Fairfax Drive, Room E-1002, Arlington, VA (telephone 703-562-2200 or 1-877-275-3342). To view individual orders below, click the link for the PDF next to the order. To view all orders online, visit the FDIC's Web page at http://www.fdic.gov/bank/individual/enforcement/index.html. A list of orders made public today follows.
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FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. § 1818(b)
(Consent Orders)
Ocean Bank, Miami, FL; FDIC-11-207b; Issued 5/6/11 - PDF
Citizens Bank & Trust Company, Eastman, GA; FDIC-11-150b; Issued 5/13/11 - PDF
Highland Community Bank, Chicago, IL; FDIC-11-044b; Issued 5/4/11 - PDF
New City Bank, Chicago, IL; FDIC-11-034b; Issued 5/16/11 - PDF
American Bank of the North, Nashwauk, MN; FDIC-11-124b; Issued 5/9/11 - PDF
Stonebridge Bank, Exton, PA; FDIC-11-137b; Issued 5/23/11 - PDF
Public Savings Bank, Huntingdon Valley, PA; FDIC-11-107b; Issued 5/12/11 - PDF
Tennessee Commerce Bank, Franklin, TN; FDIC-11-196b; Issued 5/25/11 - PDF
Patriot Bank, Houston, TX; FDIC-11-158b; Issued 5/13/11 - PDF
Waumandee State Bank, Waumandee, WI; FDIC-11-153b; Issued 5/27/11 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
(Removal and Prohibition Orders)
Bank of the West, San Francisco, CA; FDIC-10-596e; against Elizabeth Kolling; Issued 5/26/11 - PDF
Exchange Bank, Santa Rosa, CA; FDIC-11-154e; against Vanessa Outlaw; Issued 5/26/11 - PDF
Flatirons Bank, Boulder, CO; FDIC-11-046e; against Mark H. Yost; Issued 5/9/11 - PDF
Yampa Valley Bank, Steamboat Springs, CO; FDIC-10-366e; against Lucy A. Middleton; Issued 5/26/11 - PDF
Farmers and Merchants Bank, Monticello, FL; FDIC-10-516e; FDIC-10-686k; against Ronald Darrin McGlamry in the amount of $3,500.00; Issued 5/26/11 - PDF
The Cecilian Bank, Cecilian, KY; FDIC-10-299e; against Jackie K. Watson; Issued 5/9/11 - PDF
Community Bank of Mississippi, Forest, MS; FDIC-10-001e; against Penny Jo Lindsey; Issued 5/26/11 - PDF
BankFirst Financial Services, Macon, MS; FDIC-10-580e; against Sherry L. Lofton; Issued 5/13/11 - PDF
Bank of Yazoo City, Yazoo City, MS; FDIC-10-267e; against Charles H. Evans, Jr.; Issued 5/26/11 - PDF
Yadkin Valley Bank and Trust Company, Elkin, NC; FDIC-10-671e; against Doris Stroud Renegar; Issued 5/9/11 - PDF
Westernbank Puerto Rico, Mayaguez, PR; FDIC-11-039e; against Felix Vega-Carrion; Issued 5/9/11 - PDF
Park Cities Bank, Dallas, TX; FDIC-10-399e; against Erin N. Lopez; Issued 5/9/11 - PDF
Sterling Savings Bank, Spokane, WA; FDIC-11-048e; against Shannon M. Kuhlman; Issued 5/13/11 - PDF
WesBanco Bank, Inc., Wheeling, WV; FDIC-11-013e; Order of Prohibition From Further Participation against Daniel L. Rice; Issued 5/13/11 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
(Civil Money Penalties)
Farmers and Merchants Bank, Monticello, FL; FDIC-10-516e; FDIC-10-686k; Order of Prohibition From Further Participation and an Order to Pay a Civil Money Penalty against Ronald Darrin McGlamry in the amount of $3,500.00; Issued 5/26/11 - PDF
Midtown Bank & Trust Company, Atlanta, GA; FDIC-11-206k; in the amount of $6,500.00; Issued 5/3/11 - PDF
CentreBank, Veedersburg, IN; FDIC-11-114k; in the amount of $2,695.00; Issued 5/9/11 - PDF
State Bank of Park Rapids, Park Rapids, MN; FDIC-09-149k; Order Amending Order to Pay against Jon P. Smythe in the amount of $10,000.00; Issued 5/26/11 - PDF
Desoto County Bank, Horn Lake, MS; FDIC-10-917k; in the amount of $3,140.00; Issued 5/11/11 - PDF
Citizens Bank & Trust Co., Marks, MS; FDIC-11-099k; in the amount of $6,665.00; Issued 5/31/11 - PDF
The Citizens Bank of Philadelphia, Mississippi, Philadelphia, MS; FDIC-11-155k; in the amount of $15,030.00; Issued 5/31/11 - PDF
Exchange Bank, Gibbon, NE; FDIC-11-200k; in the amount of $5,200.00; Issued 5/24/11 - PDF
First American Bank, Artesia, NM; FDIC-11-160k; in the amount of $22,200.00; Issued 5/31/11 - PDF
Mid Penn Bank, Millersburg, PA; FDIC-11-164k; in the amount of $11,000.00; Issued 5/16/11 - PDF
Bank of Sun Prairie, Sun Prairie, WI; FDIC-10-939k; in the amount of $1,785.00; Issued 5/9/11 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 38, 12 U.S.C. § 1831o
(Prompt Corrective Action)
Colorado Capital Bank, Castle Rock, CO; FDIC-11-089PCAS; Issued 5/4/11 - PDF
TERMINATIONS
Orders Terminating Consent Orders and Cease and Desist Orders
Nexity Bank, Birmingham, AL; FDIC-09-011b; Issued 5/3/11 - PDF
Firstier Bank, Louisville, CO; FDIC-09-601b; Issued 5/18/11 - PDF
Cortez Community Bank, Brooksville, FL; FDIC-09-646b; Issued 5/16/11 - PDF
TIB Bank, Naples, FL; FDIC-10-358b; Issued 5/10/11 - PDF
Bartow County Bank, Cartersville, GA; FDIC-09-707b; Issued 5/17/11 - PDF
First Choice Community Bank, Dallas, GA; f/k/a First Choice Community Bank 1874; FDIC-09-346b; Issued 5/31/11 - PDF
Central Pacific Bank, Honolulu, HI; FDIC-09-715b; Issued 5/11/11 - PDF
Community Central Bank, Mount Clemens, MI; FDIC-10-561b; Issued 5/23/11 - PDF
Heritage Banking Group, Carthage, MS; FDIC-10-182b; Issued 4/21/11 - PDF
Slovak Savings Bank, Pittsburgh, PA; FDIC-10-066b; Issued 5/11/11 - PDF
Coffee County Bank, Manchester, TN; FDIC-09-094b; Issued 5/10/11 - PDF
Commercial State Bank of El Campo, El Campo, TX; FDIC-09-262b; Issued 5/16/11 - PDF
Peoples Bank, Elkhorn, WI; FDIC-08-144b; Issued 5/16/11 - PDF
Order Terminating Order to Cease and Desist and Modification of Order to Cease and Desist
Ocean Bank, Miami, FL; FDIC-07-017b; Issued 5/11/11 - PDF
Orders Terminating Supervisory Prompt Corrective Action Directive
Firstier Bank, Louisville, CO; FDIC-10-224PCAS; Issued 5/18/11 - PDF
Heritage Banking Group, Carthage, MS; FDIC-10-907PCAS; Issued 4/21/11 - PDF
NOTICES ISSUED
(Note: A Notice is a proposal enforcement action and is not a final decision or order by the FDIC)
Notices of Charges and of Hearing
EuroBank, Coral Gables, FL; FDIC-10-585b; Issued 5/3/11 - PDF
Marine Bank & Trust Company, Vero Beach, FL; FDIC-10-825b; Issued 5/20/11 - PDF
Amended Notice of Charges for an Order to Cease and Desist; Notice of Assessment of Civil Money Penalties, Findings of Fact and Conclusions of Law; Order to Pay; and Notice of Hearing
Republic Bank & Trust Company, Louisville, KY; FDIC-10-079b; FDIC-10-216k; Issued 5/3/11 - PDF
ADJUDICATED DECISIONS
Chinatrust Bank (U.S.A.), Torrance, CA; FDIC-10-335e; Decision and Order to Prohibit From Further Participation against Arlene Shih; Issued 5/10/11 - PDF
Frontier State Bank, Oklahoma City, OK; FDIC-07-288b; Decision and Order Denying Request for Stay; Issued 5/11/11 - PDF
ADMINISTRATIVE HEARING SCHEDULED FOR JULY 2011
Pacific Rim Bank, Honolulu, HI; FDIC-10-471b; Section 8(b) Proceeding
| Date: | July 26, 2011 |
| Location: | Honolulu, Hawaii |
| FDIC Contact: | Adam L. Bialosky, Senior Regional Attorney Sarah M. Wells, Senior Regional Attorney San Francisco Regional Office |
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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 7,575 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.
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