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FDIC MAKES PUBLIC OCTOBER 1996 ENFORCEMENT ACTIONS;
ONE ADMINISTRATIVE HEARING SCHEDULED FOR DECEMBER
FOR IMMEDIATE RELEASE
PR-93-96 (12-5-96)
Media Contact:
David Barr (202) 898-6992

The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in October of 1996. One administrative hearing is scheduled during December.

The FDIC processed a total of 20 orders in October. These included two cease-and-desist orders, nine call report penalties, seven terminations of cease-and-desist orders, one termination of a proceeding against an individual and one adjudicated decision.

Copies of the orders referred to above can be obtained from or inspected at the Public Information Center, FDIC, 801 17th Street, N.W., Room 100, Washington, D.C. (telephone (703) 562-2200 or (800) 276-6003 or Fax (703) 562-2296). A list of the orders made public today and details about the December hearing are attached.

* * * * * * * * * *

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. 1818(b)
(Cease-and-Desist Orders)

First American Bank, Jackson, MS; FDIC-96-138b; Issued 10/15/96

Citizens State Bank, Roma, TX; FDIC-96-137b; Issued 10/3/96

FINAL ORDERS ISSUED PURSUANT TO SECTION 7(a), 12 U.S.C. 1817(a)
(Call Report Penalties)

The Estes Park Bank, Estes Park, CO; CR-96-9503-002; Issued 10/23/96

The Simsbury Bank & Trust Company, Simsbury, CT; CR-96-9503-004; Issued 10/10/96

Community Bank of Utica, Utica, IL; CR-96-9503-006; Issued 10/23/96

Star Financial Bank, Indianapolis, Indianapolis, IN; CR-96-9503-007; Issued 10/23/96

The Bank of Mountain View, Mountain View, MO; CR-96-9503-009; Issued 10/23/96

Mutual Community Savings Bank, SSB, Durham, NC; CR-96-9503-001; CR-96-9504-038; CR-96-9601-030; Issued 10/23/96

First State Bank of Golva, Golva, ND; CR-96-9503-011; Issued 10/23/96

Citizens Bank, Gainesboro, TN; CR-96-9503-012; Issued 10/23/96

American Community Bank, Wausau, WI; CR-96-9503-015; Issued 10/23/96

TERMINATIONS

Terminations of Cease-and-Desist Orders

First Mountain Bank, Big Bear Lake, CA; FDIC-94-182b; Issued 10/23/96

Lippo Bank, Los Angeles, CA; FDIC-90-257b; Issued 10/10/96

Fairfield First Bank and Trust Company, Fairfield, CT; FDIC-91-205b; Issued 10/9/96

Prime Bank, Orange, CT; FDIC-93-223b; Issued 10/18/96

Bay Bank & Trust Co., Panama City, FL; FDIC-92-313b; Issued 10/15/96

Bay Bank & Trust Co., Panama City, FL; FDIC-93-220b; Issued 10/15/96

Maywood-Proviso State Bank, Maywood, IL; FDIC-95-104b; Issued 10/29/96

Termination of proceeding against Joseph A. Dazzio

Metropolitan Bank & Trust Company, Baton Rouge, LA; FDIC-87-71k; against Joseph A. Dazzio; Issued 10/29/96

ADJUDICATED DECISION

Lyndonville Savings Bank and Trust Company, Lyndonville, VT; FDIC-94-204g; Decision and Order against Roger R. Lussier; Issued 10/8/96

* * * ADMINISTRATIVE HEARINGS SCHEDULED FOR DECEMBER * * *

First State Bank of Purdy, Purdy, MO; FDIC-94-141k; Civil Money Penalty Proceeding

Date: December 9-20, 1996
Location: To be determined
FDIC contact: Steve Stiller, Senior Regional Counsel
J. Michael Gillaspie, Counsel (Sr. Litigator)

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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 11, 670 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.

FDIC press releases and other information are available on the Internet via the World Wide Web at www.fdic.gov or through Gopher at gopher.fdic.gov.

Last Updated 07/14/1999 communications@fdic.gov