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FDIC MAKES PUBLIC MAY 1999 ENFORCEMENT ACTIONS;
NO ADMINISTRATIVE HEARINGS SCHEDULED FOR JULY
FOR IMMEDIATE RELEASE
PR-36-99 (6-30-99)
Media Contact:
David Barr (202) 898-6992

The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in May. No administrative hearings are scheduled for July.

The FDIC processed a total of 17 final orders in May. These included one written agreement, two cease-and-desist orders, five removal and prohibition orders, four terminations of cease-and-desist orders, four terminations of orders terminating orders to pay 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., Washington, D.C. 20434 (telephone (703) 562-2200 or 800-276-6003). A list of the orders made public today follows.

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WRITTEN AGREEMENTS ISSUED PURSUANT TO SECTION 8, 12 U.S.C. 1818 (Written Agreement)

TransAlliance, L.P., Bellevue, WA; Issued 5/21/99

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

Brentwood Bank of California, Los Angeles, CA; FDIC-99-062b; Issued 5/24/99

Bank of Benoit, Benoit, MS; FDIC-99-026b; Issued 5/21/99

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. 1818(e) (Removal and Prohibition Orders)

Community First State Bank (Formerly The Abbott Bank), Alliance, NE; FDIC-94-167e; FDIC-95-187k; against James E. Abbott; Issued 5/27/99

Community First State Bank (Formerly The Abbott Bank), Alliance, NE; FDIC-94-167e; FDIC-95-187k; against Alan W. Friesen; Issued 5/27/99

Community First State Bank (Formerly The Abbott Bank), Alliance, NE; FDIC-94-167e; FDIC-95-187k; against Richard L. Gordon; Issued 5/27/99

Community First State Bank (Formerly The Abbott Bank), Alliance, NE; FDIC-94-167e; FDIC-95-187k; against Bruce A. Hocking; Issued 5/27/99

Community First State Bank (Formerly The Abbott Bank), Alliance, NE; FDIC-94-167e; FDIC-95-187k; against Morris R. Shields; Issued 5/27/99

TERMINATIONS

Termination of Cease-and-Desist Orders

The Farmers and Merchants Bank, Eatonton, GA; FDIC-97-084b; Issued 5/28/99

First Bank of Coastal Georgia, Pembroke, GA; FDIC-97-085b; Issued 5/28/99

The Farmers Bank, Union Point, GA; FDIC-97-086b; Issued 5/28/99

Hampton Bank, Hampton, MN; FDIC-97-043b; Issued 5/12/99

Order Terminating Order to Pay

Community First State Bank (Formerly The Abbott Bank), Alliance, NE; FDIC-94-167e; FDIC-95-187k; against Respondent James E. Abbott; Issued 5/27/99

Community First State Bank (Formerly The Abbott Bank), Alliance, NE; FDIC-94-167e; FDIC-95-187k; against Respondent Alan W. Friesen; Issued 5/27/99

Community First State Bank (Formerly The Abbott Bank), Alliance, NE; FDIC-94-167e; FDIC-95-187k; against Respondent Richard L. Gordon; Issued 5/27/99

Community First State Bank (Formerly The Abbott Bank), Alliance, NE; FDIC-94-167e; FDIC-95-187k; against Respondent Bruce A. Hocking; Issued 5/27/99

ADJUDICATED DECISION

First Guaranty Bank, Hammond, LA; FDIC-95-65e; Order to Remove and to Prohibit from Further Participation against Michael D. Landry and Alton B. Lewis; Issued 5/25/99

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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 10,390 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).

Last Updated 07/19/1999 communications@fdic.gov