FDIC Makes Public January Enforcement Actions; Two Administrative Hearings Scheduled for March 2012
FDIC Subscriptions sent this bulletin at 02/24/2012 10:10 AM ESTPress Release
FDIC Makes Public January Enforcement Actions; Two Administrative Hearings Scheduled for March 2012
| FOR IMMEDIATE RELEASE February 24, 2012 |
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in January. Two administrative hearings are scheduled for March 2012.
The FDIC issued a total of 42 orders in January. The orders included: 13 consent orders; three removal and prohibition orders; 11 civil money penalties; five prompt corrective actions; two section 19 orders; seven orders terminating consent orders and cease and desist orders; and one order terminating supervisory prompt corrective action directive.
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)
(Cease-and-Desist)
First State Bank, Crossett, AR; FDIC-11-642b; Issued 1/3/12 - PDF
Metropolitan Bank, Oakland, CA; FDIC-11-664b; Issued 1/19/12 - PDF
EuroBank, Coral Gables, FL; FDIC-10-585b; Issued 1/27/12 - PDF
Rabun County Bank, Clayton, GA; FDIC-11-529b; Issued 1/27/12 - PDF
The Farmers Bank, Forsyth, GA; FDIC-11-641b; Issued 1/13/12 - PDF
Farmers & Merchants Bank, Statesboro, GA; FDIC-11-643b; Issued 1/27/12 - PDF
Prairie Community Bank, Marengo, IL; FDIC-11-557b; Issued 1/20/12 - PDF
Farmers State Bank of Sublette, Sublette, IL; FDIC-11-520b; Issued 1/10/12 - PDF
Crown Bank, Edina, MN; FDIC-11-578b; Issued 1/12/12 - PDF
Mariner's Bank, Edgewater, NJ; FDIC-11-583b; Issued 1/27/12 - PDF
The First State Bank, Ryan, OK; FDIC-11-608b; Issued 1/10/12 - PDF
United Bank of Philadelphia, Philadelphia, PA; FDIC-11-695b; Issued 1/31/12 - PDF
Freedom Bank, Inc., Belington, WV; FDIC-11-644b; Issued 1/27/12 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
(Removal and Prohibition Orders)
Carrollton Bank, Carrollton, IL; FDIC-10-788e; against Robert J. Tonsor; Issued 1/20/12 - PDF
Nova Bank, Berwyn, PA; FDIC-11-536e; against Thomas J. Patterson; Issued 1/26/12 - PDF
FirstBank, Lexington, TN; FDIC-11-495e; against James E. Chavez; Issued 1/20/12 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
(Civil Money Penalties)
Flanagan State Bank, Flanagan, IL; FDIC-11-406k; in the amount of $17,000.00; Issued 1/6/12 - PDF
Grabill Bank, Grabill, IN; FDIC-11-317k; in the amount of $13,500.00; Issued 1/26/12 - PDF
Grabill Bank, Grabill, IN; FDIC-11-337k; in the amount of $3,240.00; Issued 1/26/12 - PDF
Bank of Wolcott, Wolcott, IN; FDIC-11-660k; in the amount of $1,850.00; Issued 1/26/12 - PDF
Bank of Louisiana, New Orleans, LA, FDIC-11-675k; in the amount of $10,000.00; Issued 1/31/12 - PDF
OneUnited Bank, Boston, MA; FDIC-11-585k; in the amount of $4,000.00; Issued 1/5/12 - PDF
Tri-County Trust Company, Glasgow, MO; FDIC-11-582k; in the amount of $1,500.00; Issued 1/4/12 - PDF
First Security Bank, Bozeman, MT; FDIC-11-713k; in the amount of $3,520.00; Issued 1/25/12 -PDF
The Old Fort Banking Company, Old Fort, OH; FDIC-11-422k; in the amount of $5,815.00; Issued 1/13/12 - PDF
American City Bank of Tullahoma, Tullahoma, TN; FDIC-11-737k; in the amount of $10,010.00; Issued 1/30/12 - PDF
Wolf River Community Bank, Hortonville, WI; FDIC-11-396k; in the amount of $5,500.00; Issued 1/11/12 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 38, 12 U.S.C. § 1831o
(Prompt Corrective Actions)
Sunrise Bank, Valdosta, GA; FDIC-11-654PCAS; Issued 1/23/12 - PDF
1st Commerce Bank, North Las Vegas, NV; FDIC-11-655PCAS; Issued 1/23/12 - PDF
Sunrise Bank of Albuquerque, Albuquerque, NM; FDIC-11-651PCAS; Issued 1/20/12 - PDF
Pisgah Community Bank, Ashville, NC; FDIC-11-653PCAS; Issued 1/20/12 - PDF
First Carolina State Bank, Rocky Mount, NC; FDIC-11-652PCAS; Issued 1/23/12 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 19, 12 U.S.C. § 1829
(Section 19)
Antoinette M. Callahan; FDIC-11-414L; Order Granting Permission to File Application and Approving Application for Consent to Participate in the Affairs of any Insured Depository Institution; Issued 1/30/12 - PDF
Charessa Denese Vaughn, FDIC-11-637L; Order Granting Permission to File Application and Approving Application for Consent to Participate in the Affairs of any Insured Depository Institution; Issued 1/30/12 - PDF
TERMINATIONS
Orders Terminating Consent Orders and Cease and Desist Orders
Plaza Bank, Irvine, CA; FDIC-11-312b; Issued 1/19/12 - PDF
Fireside Bank, Pleasanton, CA; FDIC-09-727b; Issued 1/13/12 - PDF
Country Bank, Aledo, IL; FDIC-10-864b; Issued 1/18/12 - PDF
Farmers State Bank of Sublette, Sublette, IL; FDIC-10-531b; Issued 1/10/12 - PDF
Royal Bank America, Narberth, PA; FDIC-09-282b; Issued 1/24/12 - PDF
Main Street Bank, Kingwood, TX; FDIC-10-321b; Issued 1/23/12 - PDF
Ridgestone Bank, Brookfield, WI; FDIC-09-700b; Issued 1/19/12 - PDF
Order Terminating Supervisory Prompt Corrective Action Directive
Country Bank, Aledo, IL; FDIC-11-555PCAS; Issued 1/18/12 - PDF
ADMINISTRATIVE HEARINGS SCHEDULED FOR MARCH 2012
Freedom Bank of America, Saint Petersburg, Florida; FDIC-11-072b; Section 8(b) Proceeding
| Date: | March 5, 2012 |
| Location: | Tampa, Florida |
| FDIC Contacts: | John B. Parker, Senior Regional Attorney Patrice Walker, Senior Regional Attorney |
Cornerstone Community Bank, Saint Petersburg, Florida; FDIC-10-801b; Section 8(b) Proceeding
| Date: | March 12, 2012 |
| Location: | Tampa, Florida |
| FDIC Contacts: | John B. Parker, Senior Regional Attorney Patrice Walker, Senior Regional Attorney |
# # #
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 7,437 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-20-2012
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