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The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in March. No administrative hearings are scheduled for May.
The FDIC processed ten orders in March. These included one cease-and-desist order, three civil money penalties, three call report penalties, one removal and prohibition order and two terminations of cease-and-desist orders.
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). 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 Order)
Washita State Bank, Burns Flat, OK; FDIC-97-054b; Issued 3/9/98
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
(Civil Money Penalties)
Habib Bank AG Zurich, Zurich, Switzerland; Habib Bank AG Zurich; Los Angeles Branch Los Angeles, CA; FDIC Docket No. 98-015k; Order to pay $15,000; Issued 3/25/98
Bridgeview Bank and Trust Company, Bridgeview, IL; FDIC-97-045k; against James E. Murname; Order to pay $5,000; Issued 3/11/98
Leicester Savings Bank, Leicester, MA; FDIC-98-003k; Order to pay $3,500; Issued 3/6/98
FINAL ORDERS ISSUED PURSUANT TO SECTION 7(a), 12 U.S.C. § 1817(a)
(Call Report Penalties)
Western Bank, Las Cruces, NM; CR-97-9604-021; Order to pay $2,100; Issued 3/27/98
Columbus State Bank, Columbus, TX, CR-97-9604-013; Order to pay $800; Issued 3/27/98
Sterling Bank, Houston, TX; CR-97-9604-015; Order to pay $2,400; Issued 3/27/98
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
(Removal and Prohibition Order)
Whatcom State Bank, Ferndale, WA; FDIC-97-040e; against Richard C. Donahue, Jr.; Issued 3/11/98
TERMINATIONS OF CEASE-AND-DESIST ORDERS
Hendry County Bank, Labelle, FL; FDIC-92-245b; Issued 3/10/98
Interstate Bank, Wakeeney, KS; FDIC-96-063b; Issued 3/12/98
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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 11,027 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 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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