FDIC Makes Public October Enforcement Actions; One Administrative Hearing Scheduled for December 2011
FDIC Subscriptions sent this bulletin at 11/25/2011 10:05 AM ESTPress Release
FDIC Makes Public October Enforcement Actions; One Administrative Hearing Scheduled for December 2011
| FOR IMMEDIATE RELEASE November 25, 2011 |
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in October. One administrative hearing is scheduled for December 2011.
The FDIC issued a total of 75 orders and one notice in October. The orders included: 17 consent orders; 11 removal and prohibition orders; one cross guarantee liability; 29 civil money penalties; one prompt corrective action; thirteen orders terminating consent orders and cease and desist orders; and three orders terminating a supervisory prompt corrective action directive. The following notice was issued: a notice of intention to remove from office and/or to prohibit from further participation, notice of assessment of civil money penalties, findings of fact and conclusions of law, orders to pay, and notice 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 Community Bank, Santa Rosa, CA; FDIC-11-428b; Issued 10/20/11 - PDF
State Bank of Georgia, Fayetteville , GA; FDIC-11-311b; Issued 10/4/11 - PDF
Town Center Bank, Frankfort, IL; FDIC-11-335b; Issued 10/12/11 - PDF
Grabill Bank, Grabill, IN; FDIC-11-338b; Issued 10/25/11 - PDF
Regal Bank and Trust, Owings Mills , MD; FDIC-11-423b; Issued 10/26/11 - PDF
First Independence Bank, Detroit, MI; FDIC-11-449b; Issued 10/25/11 - PDF
Commerce Bank, Geneva, MN; FDIC-11-380b; Issued 10/12/11 - PDF
Omni Bank, Mantee, MS; FDIC-11-329b; Issued 10/12/11 - PDF
The Wilmington Savings Bank, Wilmington, OH; FDIC-11-376b; Issued 10/26/11 - PDF
West Coast Bank, Lake Oswego, OR; FDIC-11-466b; FDIC-11-468k; Issued 10/11/11 - PDF
CoastalStates Bank, Hilton Head Island, SC; FDIC-11-275b; Issued 10/12/11 - PDF
Libertad Bank, SSB, Austin, TX; FDIC-11-368b; Issued 10/13/11 - PDF
Libertad Bank, SSB, Austin, TX; FDIC-11-477b; Issued 10/6/11 - PDF
Fort Davis State Bank, Fort Davis, TX; FDIC-11-535b; Issued 10/31/11 - PDF
Seattle Bank, Seattle, WA; FDIC-11-403b; FDIC-11-363k; Issued 10/17/11 - PDF
Bank of Wausau, Wausau, WI; FDIC-10-488b; Issued 10/28/11 - PDF
Bank of Wausau, Wausau, WI; FDIC-11-351b; Issued 10/12/11 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e) (Removal and Prohibition Orders)
United Commercial Bank, San Francisco, CA; FDIC-11-294e; FDIC-11-295k; against John M. Cinderey; Issued 10/7/11 - PDF
United Commercial Bank, San Francisco, CA; FDIC-11-294e; FDIC-11-295k; against Richard L. Swartz; Issued 10/7/11 - PDF
United Commercial Bank, San Francisco, CA; FDIC-11-294e; FDIC-11-295k; against Lawrence M. Zhang; Issued 10/7/11 - PDF
Dime Bank, Norwich, CT; FDIC-11-102e; against Philip J. Mongillo; Issued 10/7/11 - PDF
The Citizens State Bank of Taylor County, Reynolds, GA; FDIC-11-443e; FDIC-11-444k; against Beverly H. Poore; Issued 10/7/11 - PDF
Mid-Missouri Bank, Springfield, MO; FDIC-10-084e; against Scott B. Rosenthal; Issued 10/20/11 - PDF
Mid-Missouri Bank, Springfield, MO; FDIC-10-086e; against K. Chris Couch; Issued 10/20/11 - PDF
Mid-Missouri Bank, Springfield, MO; FDIC-10-088e; against Frank B. McReynolds; Issued 10/20/11 - PDF
Mid-Missouri Bank, Springfield, MO; FDIC-10-090e; against Kayla Muskrat; Issued 10/20/11 - PDF
Clarion County Community Bank, Clarion, PA; FDIC-11-366e; against Tami L. Toy; Issued 10/20/11 - PDF
Prosperity Bank, El Campo, TX; FDIC-11-195e; against Jennifer Herrera; Issued 10/7/11 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 5(e), 12 U.S.C. § 1815(e) (Cross Guarantee Liability)
Bank of Las Colinas, Irving, Texas; FDIC-11-427kk; Issued 10/21/11 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i) (Civil Money Penalties)
United Commercial Bank, San Francisco, CA; FDIC-11-294e; FDIC-11-295k; Order of Prohibition From Further Participation and Order to Pay against John M. Cinderey in the amount of $40,000.00; Issued 10/7/11 - PDF
United Commercial Bank, San Francisco, CA; FDIC-11-294e; FDIC-11-295k; Order of Prohibition From Further Participation and Order to Pay against Richard L. Swartz in the amount of $12,500.00; Issued 10/7/11 - PDF
United Commercial Bank, San Francisco, CA; FDIC-11-294e; FDIC-11-295k; Order of Prohibition From Further Participation and Order to Pay against Lawrence M. Zhang in the amount of $35,000.00; Issued 10/7/11 - PDF
Valley Business Bank, Visalia, CA; FDIC-11-493k; in the amount of $12,600.00; Issued 10/11/11 - PDF
Rocky Mountain Bank & Trust Florence, Florence, CO; FDIC-11-301k; against Douglas L. McClure in the amount of $30,000.00; Issued 10/7/11 - PDF
Rocky Mountain Bank & Trust Florence, Florence, CO; FDIC-11-302k; against Marty K. Burleson in the amount of $25,000.00; Issued 10/7/11 - PDF
Rocky Mountain Bank & Trust Florence, Florence, CO; FDIC-11-303k; against Duane Hays in the amount of $25,000.00; Issued 10/7/11 - PDF
Rocky Mountain Bank & Trust Florence, Florence, CO; FDIC-11-304k; against Gerald L. Montney in the amount of $25,000.00; Issued 10/7/11 - PDF
Barclays Bank Delaware, Wilmington, DE; FDIC-11-171k; in the amount of $425,000.00; Issued 9/2/11 - PDF
Gateway Bank of Southwest Florida, Sarasota, FL; FDIC-11-437k; in the amount of $5,000.00; Issued 10/5/11 - PDF
The Citizens State Bank of Taylor County, Reynolds, GA; FDIC-11-443e; FDIC-11-444k; Order of Prohibition From Further Participation and an Order to Pay against Beverly H. Poore in the amount of $10,000.00; Issued 10/7/11 - PDF
The Citizens Bank, Nashville, GA; FDIC-11-418k; in the amount of $7,000.00; Issued 10/6/11 - PDF
First State Bank, Stuart, IA; FDIC-11-459k; in the amount of $2,000.00; Issued 10/13/11 - PDF
Magnolia Bank, Incorporated, Hodgenville, KY; FDIC-11-318k; in the amount of $26,000.00; Issued 10/31/11 - PDF
The Dart Bank, Mason, MI; FDIC-11-222k; in the amount of $7,750.00; Issued 10/25/11 - PDF
Monroe Bank & Trust, Monroe, MI; FDIC-11-392k; in the amount of $11,000.00; Issued 10/26/11 - PDF
Triad Bank, Frontenac, MO; FDIC-11-451k; in the amount of $2,800.00; Issued 10/7/11 - PDF
Triad Bank, Frontenac, MO; FDIC-11-452k; in the amount of $2,500.00; Issued 10/7/11 - PDF
Mid-Missouri Bank, Springfield, MO; FDIC-10-085k; against Scott B. Rosenthal in the amount of $62,500.00; Issued 10/20/11 - PDF
Mid-Missouri Bank, Springfield, MO; FDIC-10-087k; against K. Chris Couch in the amount of $50,000.00; Issued 10/20/11 - PDF
Mid-Missouri Bank, Springfield, MO; FDIC-10-089k; against Frank B. McReynolds in the amount of $13,500.00; Issued 10/20/11 - PDF
Emigrant Bank, New York, NY; FDIC-11-506k; in the amount of $21,650.00; Issued 10/5/11 - PDF
Israel Discount Bank of New York, New York, NY; FDIC-11-487k; in the amount of $2,500.00; Issued: 10/17/11 - PDF
The First Bexley Bank, Bexley, OH; FDIC-11-197k; in the amount of $1,350.00; Issued 10/6/11 - PDF
West Coast Bank, Lake Oswego, OR; FDIC-11-466b; FDIC-11-468k; Consent Order, Order for Restitution, and Order to Pay in the amount of $390,000.00; Issued 10/11/11 - PDF
Reliance Savings Bank, Altoona, PA; FDIC-11-537k; in the amount of $12,000.00; Issued 10/26/11 - PDF
Castroville State Bank, Castroville, TX; FDIC-11-347k; in the amount of $1,500.00; Issued 10/19/11 - PDF
Spirit of Texas Bank, SSB, College Station, TX; FDIC-11-349k; in the amount of $4,400.00; Issued 10/12/11 - PDF
Seattle Bank, Seattle, WA; FDIC-11-403b; FDIC-11-363k; Consent Order for Restitution and Order to Pay in the amount of $40,000.00; Issued 10/17/11 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 38, 12 U.S.C. § 1831o (Prompt Corrective Action)
Country Bank, Aledo, IL; FDIC-11-555PCAS; Issued 10/5/11 - PDF
TERMINATIONS
Orders Terminating Consent Orders and Cease and Desist Orders
Ventura County Business Bank, Oxnard, CA; Cert. No. 57441; Merged Into and Now Known As: Royal Business Bank, Los Angeles, CA; Cert. No. 58816; FDIC-09-374b; Issued 10/24/11 - PDF
Golden Security Bank, Rosemead, CA; Cert. No. 26615; Merged Into and Now Known As: First General Bank; Rowland Heights, CA; Cert. No. 58060; FDIC-09-108b; Issued 10/24/11 - PDF
Piedmont Community Bank, Gray, GA; FDIC-08-348b; Issued 10/28/11 - PDF
The Tattnall Bank, Reidsville, GA; FDIC-08-349b; Issued 10/28/11 - PDF
Creekside Bank, Woodstock, GA; FDIC-09-529b; Issued 10/4/11 - PDF
First Choice Bank, Geneva, IL FDIC-10-311b; Issued 10/18/11 - PDF
Sun Security Bank, Ellington, MO; (Assumed by Great Southern Bank, Reeds Spring, MO); FDIC-08-066b; Issued 10/17/11 - PDF
Sun Security Bank, Ellington, MO; (Assumed by Great Southern Bank, Reeds Spring, MO); FDIC-08-180; Issued 10/13/11 - PDF
Service1st Bank of Nevada, Las Vegas, NV; FDIC-10-512b; Issued 10/31/11 - PDF ISN Bank, Cherry Hill, NJ; FDIC-07-215b; Issued 10/28/11 - PDF
Bank of Smithtown, Smithtown, NY; FDIC-09-655b; Issued 10/28/11 - PDF
First International Bank, Plano, TX; FDIC-10-003b; Issued 10/17/11 - PDF
Regal Financial Bank, Seattle, WA; FDIC-09-558b; Issued 10/19/11 - PDF
Order Terminating A Supervisory Prompt Corrective Action
Ventura County Business Bank, Oxnard, CA; Cert. No. 57441; Merged Into and Now Known As: Royal Business Bank, Los Angeles, CA; Cert. No. 58816; FDIC-10-092PCAS Issued 10/24/11 - PDF
Ravenswood Bank, Chicago, IL; FDIC-10-286PCAS; Issued 10/5/11 - PDF
First International Bank, Plano, TX; FDIC-11-189PCAS; Issued 10/17/11 - PDF
NOTICE ISSUED
(Note: A Notice is a proposal enforcement action and is not a final decision or order by the FDIC)
Notice of Intention to Remove From Office and/or to Prohibit From Further Participation, Notice of Assessment of Civil Money Penalties, Findings of Fact and Conclusions of Law, Orders to Pay, and Notice of Hearing
United Commercial Bank, San Francisco, CA; FDIC-11-294e; FDIC-11-295k; Notice of Intention to Remove From Office and/or to Prohibit From Further Participation; Notice of Assessment of Civil Money Penalties, Findings of Fact and Conclusions of Law, Orders to Pay, and Notice of Hearing against Thomas Shiu-Kit Wu, Ebrahim Shabudin, Craig S. On, Thomas T. Yu, John M. Kerr, Paul Montelaro, Christian C. Lee, Lauren A. Tran, Yixing Sun, and Ta-Lun Wu; Issued 9/21/11 - PDF
ADMINISTRATIVE HEARING SCHEDULED FOR DECEMBER 2011
EuroBank, Coral Gables, FL; FDIC-10-585b; Section 8(b) Proceeding
| Date: | December 5, 2011 |
| Location: | Miami, Florida |
| FDIC Contacts: | John B. Parker, Senior Regional Attorney Barbara J. Lukes, Counsel |
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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.
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-183-2011
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