Press Release
FDIC Makes Public July Enforcement Actions; One Administrative Hearing Scheduled For September 2011| FOR IMMEDIATE RELEASE August 26, 2011 |
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in July. One administrative hearing is scheduled for September 2011.
The FDIC processed a total of 53 matters in July. These included 11 consent orders; two removal and prohibition orders; 19 civil money penalties; two prompt corrective actions; one voluntary termination of insurance; two Section 19 orders; 11 orders terminating consent orders and cease and desist orders; four orders terminating supervisory prompt corrective action directives; and one notice of charges and of hearing.
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)
First State Bank, Lonoke, AR; FDIC-11-228b; Issued: 7/8/2011 - PDF
Plaza Bank, Irvine, CA; FDIC-11-312b; Issued: 7/28/11 - PDF
International Finance Bank, Miami, FL; FDIC-11-214b; Issued: 7/1/11 - PDF
ProBank, Tallahassee, FL; FDIC-10-796b; Issued: 7/28/11 - PDF
The Palm Bank, Tampa, FL; FDIC-11-220b; Issued: 7/27/11 - PDF
The Woodbury Banking Company, Woodbury, GA; FDIC-11-284b; Issued: 7/13/11 - PDF
Pacific Rim Bank, Honolulu, HI; FDIC-10-471b; Issued: 7/22/11 - PDF
Mercantile Bank, Quincy, IL; FDIC-11-372b; Issued: 7/28/11 - PDF
Alliance Bank, Lake City, MN; FDIC-11-125b; Issued: 7/7/11 - PDF
First State Bank, Cranford, NJ; FDIC-08-166b; Issued: 7/15/11 - PDF
The Citizens Bank of Logan, Logan, OH; FDIC-11-233b; Issued: 7/6/11 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
(Removal and Prohibition Orders)
Banco Santander Puerto Rico, San Juan, PR; FDIC-11-138e; against Evelyn O'Neill Rosado; Issued: 7/28/11 - PDF
Freedom Bank, Sterling, IL; FDIC-10-347e; against Lyle J. Spaulding; Issued: 7/28/11 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
(Civil Money Penalties)
The Exchange Bank of Alabama, Altoona, AL; FDIC-11-316k; in the amount of $9,460.00; Issued: 7/12/11 - PDF
Cathay Bank, Los Angeles, CA; FDIC-11-344k; in the amount of $17,710.00; Issued: 7/11/11 - PDF
Community Business Bank, West Sacramento, CA; FDIC-11-375k; in the amount of $6,545.00; Issued: 7/27/11 - PDF
American Enterprise Bank of Florida, Jacksonville, FL; FDIC-11-332k; in the amount of $14,500.00; Issued: 7/20/11 - PDF
Citizens State Bank, Lena, IL; FDIC-11-140k; in the amount of $1,950.00; Issued: 7/15/11 - PDF
Bank of Palatine, Palatine, IL; FDIC-10-946k; in the amount of $3,500.00; Issued: 7/22/11 - PDF
Petefish, Skiles & Co., Virginia, IL; FDIC-11-218k; in the amount of $9,000.00; Issued: 7/8/11 - PDF
The Peoples Bank of Bullitt County, Shepherdsville, KY; FDIC-11-238k; in the amount of $7,250.00; Issued: 7/15/11 - PDF
Central Co-operative Bank, Somerville, MA; FDIC-11-183k; in the amount of $15,400.00; Issued: 7/26/11 - PDF
Northpointe Bank, Grand Rapids, MI; FDIC-11-176k; in the amount of $8,855.00; Issued: 7/12/11 - PDF
1st State Bank, Saginaw, MI; FDIC-10-930k; in the amount of $3,000.00; Issued: 7/19/11 - PDF
Mid Penn Bank, Millersburg, PA; FDIC-11-336k; in the amount of $11,300.00; Issued: 7/1/11 - PDF
Western Bank, Coahoma, TX; FDIC-11-177k; in the amount of $7,805.00; Issued: 7/5/11 - PDF
Western Bank, Coahoma, TX; FDIC-11-178k; in the amount of $12,000.00; Issued: 7/5/11 - PDF
Schertz Bank & Trust, Schertz, TX; FDIC-11-241k; in the amount of $1,000.00; Issued: 7/6/11 - PDF
SunFirst Bank, St. George, UT; FDIC-11-240k; in the amount of $2,300.00; Issued: 7/11/11 - PDF
Mid America Bank, Janesville, WI; FDIC-11-151k; in the amount of $8,000.00; Issued: 7/27/11 - PDF
Mid America Bank, Janesville, WI; FDIC-11-152k, in the amount of $600.00; Issued: 7/27/11 - PDF
Bank of Ontario, Ontario, WI; FDIC-10-862k; in the amount of $1,740.00; Issued: 7/22/11 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 38, 12 U.S.C. § 1831o
(Prompt Corrective Action)
SunFirst Bank, Saint George, UT; FDIC-11-419PCAS; Issued: 7/28/11 - PDF
Central Progressive Bank, Lacombe, LA; FDIC-11-271 PCAS; Issued: 7/25/11 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(q), 12 U.S.C. § 1818(q)
(Voluntary Terminations of Insurance)
Wilmington Trust Company, Wilmington, DE; FDIC-11-264q; Issued: 7/28/11 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 19, 12 U.S.C. § 1829
(Section 19)
David Vincent McLaughlin; FDIC-11-005L; Order Granting Permission to File Application and Approving Application for Consent to Participate in the Affairs of any Insured Depository Institution; Issued: 7/22/11 - PDF
Michael Yuwing Lee; FDIC-11-365L; Order Granting Permission to File Application and Approving Application for Consent to Participate in the Affairs of any Insured Depository Institution; Issued: 7/22/11 - PDF
TERMINATIONS
Orders Terminating Consent Orders and Cease and Desist Orders
Colorado Capital Bank, Castle Rock, CO; FDIC-10-514b; Issued: 7/28/11 - PDF
Signature Bank, Windsor, CO; FDIC-09-438b; Issued: 7/25/11 - PDF
One Georgia Bank, Atlanta, GA; FDIC-09-741b; Issued: 7/28/11 - PDF
Mountain Heritage Bank, Clayton, GA; FDIC-09-117b; Issued: 7/28/11 - PDF
Princeville State Bank, Princeville, IL; FDIC-10-491b; Issued: 7/6/11 - PDF
Town & Country Bank (Now known as CrossFirst Bank), Leawood, KS; FDIC-09-166b; Issued: 7/20/11 - PDF
Bank of the Bluegrass and Trust Company, Lexington, KY; FDIC-08-061b; Issued: 7/29/11 - PDF
Bank of Greensburg, Greensburg, LA; FDIC-09-403b; Issued: 7/8/11 - PDF
Earthstar Bank, Southampton, PA; FDIC-08-080b; Issued: 7/15/11 - PDF
Utah Community Bank, Sandy, UT; FDIC-09-315b; Issued: 7/29/11 - PDF
Cascade Bank, Everett, WA; Merged Into and Now Known As: Opus Bank, Redondo Beach, CA; FDIC-10-322b; Issued: 7/1/11 - PDF
Orders Terminating Supervisory Prompt Corrective Action Directive
Colorado Capital Bank, Castle Rock, CO; FDIC-11-089PCAS; Issued: 7/29/11 - PDF
Signature Bank, Windsor, CO; FDIC-11-122PCAS; Issued: 7/25/11 - PDF
Security Bank of North Fulton, Alpharetta, GA; FDIC-09-310PCAP; Issued: 7/28/11 - PDF
Evergreen State Bank, Stoughton, W I; FDIC-10-859PCAS; Issued: 7/19/11 - PDF
NOTICES ISSUED
(Note: A Notice is a proposal enforcement action and is not a final decision or order by the FDIC)
Notice of Charges and of Hearing
Cornerstone Community Bank, Saint Petersburg, Florida; FDIC-10-801b; Notice of Charges and of Hearing; Issued: 7/13/11 - PDF
ADMINISTRATIVE HEARING SCHEDULED FOR SEPTEMBER 2011
Silver State Bank, Henderson, Nevada; In the Matter of Douglas E. French; FDIC-10-894e and FDIC-10- 895k; Section 8(e) and Civil Money Penalty Proceedings
| Date: | September 19, 2011 |
| Location: | Las Vegas, Nevada |
| FDIC Contact: | James L. Miller, Counsel Lesley E. Williams, Senior Regional Attorney Regina A. Sandler, 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 7,513 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.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-143-2011
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