The Federal Deposit Insurance Corporation today released a list
of orders of administrative enforcement action taken against banks and
individuals in December 1995. No administrative hearings are
scheduled during February.
The FDIC processed a total of 14 final orders in December. These
included one cease-and-desist order, one call report penalty, one
removal and prohibition order, three voluntary terminations of
insurance, six terminations of cease-and-desist orders and two
adjudicated decisions.
Copies of the orders referenced above can be obtained upon
written request to the Office of Corporate Communications, FDIC, 550
17th Street, N.W., Washington, D.C. 20429 (or FAX 202/898-8565); or by
inspection Monday through Friday in the FDIC's Reading Room, Room
7118, at the 17th Street location. A list of the orders made public
today follows.
* * * * * * * *
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. 1818(b)
(Cease-and-Desist)
First Bank of Coastal Georgia, Pembroke, GA; FDIC-95-182b; Issued
12/15/95
FINAL ORDERS ISSUED PURSUANT TO SECTION 7(a), 12 U.S.C. 1817(a)
(Call Report Penalty)
The Foster Bank, Chicago, IL; CR-95-9404-17; Issued 12/6/95
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. 1818(e)
(Removal and Prohibition Order)
The Bank of Commerce, Idaho Falls, ID; FDIC-95-139e; against Gary L.
Walton; Issued 12/7/95
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(p), 12 U.S.C. 1818(p)
(Termination of Insurance)
Manufacturers Bank - Wilmington, Newark, DE; FDIC-95-180p; Issued
12/29/95
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(a), 12 U.S.C. 1818(a)
(Voluntary Termination of Insurance Status)
Banco Espanol de Credito, S.A., New York, NY; FDIC-95-132a; Issued
12/12/95
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(q), 12 U.S.C. 1818(q)
(Voluntary Termination of Insurance)
ITT Federal Bank Federal Savings Bank, Newport Beach, CA; FDIC-95-
127q; Issued 12/6/95
TERMINATIONS
Termination of Cease-and-Desist Orders
First Community Bank of the Desert, Yucca Valley, CA; FDIC-92-121b;
Issued 12/14/95
Great Country Bank, Ansonia, CT; FDIC-92-222b; Issued 12/15/95
Northwest Bank for Savings, Winsted, CT; FDIC-91-416b; Issued 12/29/95
DuPage Valley State Bank, Woodridge, IL; FDIC-95-53b; Issued 12/29/95
First Bank of Eunice, Eunice, LA; FDIC-92-58b; Issued 12/8/95
First State Bank, Elmore City, OK; FDIC-91-164b; Issued 12/6/95
ADJUDICATED DECISIONS
Liberty Bank, Honolulu, HI; FDIC-94-81e; Decision and Order against
Hiram L. Fong, Jr.; Issued 12/7/95
Bank of Michigan, Bloomfield Township, MI; FDIC-95-185aa; Decision and
Order; Issued 12/19/95
Congress created the Federal Deposit Insurance Corporation in 1933 to
maintain public confidence in the nation's banking system. The FDIC
insures deposits at the nation's 12,000 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.
