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FDIC Makes Public February Enforcement Actions; No Administrative Hearings Scheduled
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in February. No administrative hearings are scheduled for April.
The FDIC processed a total of 19 orders in February. These included ten removal-and-prohibition orders, five civil money penalty orders, two terminations of cease-and-desist orders, one termination of insurance, 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 877-275-3342). The orders will also be made available online within a week of the issuance of this news release. To view the orders online, visit the FDIC's Web page at http://www.fdic.gov/bank/individual/enforcement/index.html. A list of orders made public today follows.
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
First State Bank, Parkin, AR; FDIC-02-209e; against Linda G. Cameron; Issued 2/11/04
BestBank, Boulder, CO; FDIC-03-208e; against Douglas R. Baetz; Issued 2/11/04
BestBank, Boulder, CO; FDIC-03-208e; against Glenn M. Gallant; Issued 2/11/04
South Georgia Bank, Glennville, GA; FDIC-03-041e; against Stephanie E. Stewart; Issued 2/27/04
Minnwest Bank South, Tracy, MN; FDIC-03-175e; against Bradley J. Oeltjenbruns; Issued 2/11/04
Carolina First Bank, Greenville, SC; FDIC-03-185e; against Larry D. Bailey; Issued 2/27/04
Security Bank, Madison, SD; FDIC-03-177e; against Bryan M. Plack; Issued 2/27/04
Citizens Bank, Gainesboro, TN; FDIC-03-021e; against Jimmy Lee Birdwell; Issued 2/11/04
International Bank of Commerce, Laredo, TX; FDIC-02-196e; against Sandra Ruiz; Issued 2/27/04
Union State Bank, Carrizo Springs, TX; FDIC-03-165e; against Teresa Rodriguez; Issued 2/27/04
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
Stock Yards Bank & Trust Company, Louisville, KY; FDIC-03-205k; Order to Pay Civil Money Penalty in the amount of $8,000; Issued 2/12/04
Benjamin Franklin Savings Bank, Franklin, MA; FDIC-03-187k; Order to Pay Civil Money Penalty against Kenneth B. Osborn in the amount of $25,000; Issued 2/11/04
Midwest Bank, Detroit Lakes, MN; FDIC-04-002k; Order to Pay Civil Money Penalty in the amount of $2,000; Issued 2/25/04
Carolina First Bank, Greenville, SC; FDIC-03-186k; Order to Pay a Civil Money Penalty against Larry D. Bailey in the amount of $10,000; Issued 2/27/04
The Coulee State Bank, La Crosse, WI; FDIC-03-214k; Order to Pay Civil Money Penalty in the amount of $12,000; Issued 2/24/04
ORDERS TERMINATING ORDERS to CEASE and DESIST
Pacific Union Bank, Los Angeles, CA; FDIC-02-055b; Issued 2/25/04
United-American Savings Bank, Pittsburgh, PA; FDIC-03-001b; Issued 1/28/04
FINAL ORDER ISSUED PURSUANT TO SECTION 8(q), 12 U.S.C. § 1818(q)
Central Sierra Bank, San Andreas, CA; FDIC-04-024q; Issued 2/25/04
First International Bank, Chula Vista, CA; FDIC-97-031e; Decision and Order to Prohibit From Further Participation against Roque De La Fuente II; Issued 2/17/04
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 9,182 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. The FDIC receives no federal tax dollars - insured financial institutions fund its operations.
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 (877-275-3342 or (703) 562-2200).
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