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The Federal Deposit Insurance Corporation today released a list
of orders of administrative enforcement actions taken against banks and
individuals in March. One administrative hearing is scheduled during
May.
The FDIC processed a total of 19 orders in March. These
included one cease-and-desist order, four removal and prohibition
orders, four civil money penalties, one voluntary termination of
insurance, eight terminations of cease-and-desist orders and one
adjudicated decision.
Copies of the orders referred to above can be obtained from or
inspected at the FDIC's Public Information Center, 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 May hearing are attached.
* * * * * * * * * * *
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12
U.S.C. § 1818(b)
(Cease-and-Desist)
Lippo Bank, Los Angeles, CA; FDIC-97-20b; Issued 3/21/97
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12
U.S.C. § 1818(e)
(Removal and Prohibition Orders)
The Bank of Southeastern Connecticut, Waterford, CT; FDIC-96-39e;
against Pasquale J. Onorato; Issued 3/19/97
Mitchell County Bank, Simpson, KS; FDIC-96-131e; against Stephen
F. Redman; Issued 3/19/97
Mitchell County Bank, Simpson, KS; FDIC-96-132e; against Carol J.
Redman; Issued 3/19/97
First Lehigh Bank, Walnutport, PA; FDIC-95-15e; against Harold R.
Marvin, Jr.; Issued 3/20/97
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12
U.S.C. § 1818(i)
(Civil Money Penalties)
Citizens Bank & Trust Company, Springhill, LA; FDIC-93-197k;
against A. Lamar Smith; Issued 3/25/97
Community First State Bank, Alliance, NE (formerly The Abbott
Bank); FDIC-95-187k; against Ritch A. Bahe; Issued 3/6/97
Community First State Bank, Alliance, NE (formerly The Abbott
Bank); FDIC-95-187k; against Glenn P. Oorlog; Issued 3/6/97
The Citizens State Bank of Lometa, Lometa, TX; FDIC-95-172k;
against Tommy Kendrick; Issued 3/7/97
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(q), 12
U.S.C. § 1818(q)
(Voluntary Termination of Insurance)
Secure Savings Bank, F.S.B., Fontana, CA; FDIC-97-5q; Issued
3/28/97
TERMINATIONS
Termination of Cease-and-Desist Orders
Bank of Westminster, Westminster, CA (merged into and now known
as Bank of Yorba Linda, Yorba Linda, CA); FDIC-93-100b; Issued
3/17/97
United Mizrahi Bank, Limited, Los Angeles, CA Branch; FDIC-93-58c&b;
Issued 3/12/97
Norcrown Bank of Roseland, Roseland, NJ (now known as Norcrown
Bank, Livingston, NJ); FDIC-93-65b; Issued 3/18/97
Ellis County State Bank, Milford, TX; FDIC-93-193b; Issued 3/11/97
Lyndonville Savings Bank and Trust Company, Lyndonville, VT;
FDIC-91-57c&b; Issued 3/31/97
Lyndonville Savings Bank and Trust Company, Lyndonville, VT;
FDIC-91-162b; Issued 3/31/97
Lyndonville Savings Bank and Trust Company, Lyndonville, VT;
FDIC-92-159b; Issued 3/31/97
Lyndonville Savings Bank and Trust Company, Lyndonville, VT;
FDIC-93-44b; Issued 3/31/97
ADJUDICATED DECISION
Sunwest Bank of Santa Fe, Santa Fe, NM; FDIC-95-62e; Decision and
Order of Removal and Prohibition against Ramon M. Candelaria;
Issued 3/11/97
* * *ADMINISTRATIVE HEARINGS SCHEDULED FOR MAY
1997* * *
The Security Bank of Mountain Grove, Mountain Grove, MO (now
known as Security Bank of America, Mountain Grove); In the Matter of
Jon C. Thomas; Civil Money Penalty Proceeding
Date: May 19, 1997
Location: Springfield, Missouri
FDIC contact: Stephen H. Stiller, Senior Regional Attorney
Kansas City Regional
# # #
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 11,452 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 and
may also be obtained through the
FDIC's Public Information Center (800-276-6003 or (703) 562-2200).
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