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FDIC Makes Public September Enforcement Actions; No Administrative Hearings are Scheduled

FOR IMMEDIATE RELEASE
October 31, 2008
Media Contact:
LaJuan Williams-Dickerson
(202) 898-3876 (office)

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

The FDIC processed a total of 29 orders in September. These included seven cease and desist orders; eight removal and prohibition orders; ten civil money penalties; one Section 19; and three orders to terminate orders to cease-and-desist.

Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 3501 Fairfax Drive, Room E-1002, Arlington, VA (telephone 703-562-2200 or 1-877-275-3342). To view all 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(b), 12 U.S.C. § 1818(b)
(Cease-and-Desist)

Freedom Bank, Bradenton, FL; FDIC-08-173b; Issued 9/5/08 - PDF (PDF Help)

BankCherokee, St. Paul, MN; FDIC-08-168b; Issued 9/16/08 - PDF (PDF Help)

First Asian Bank, Las Vegas, NV; FDIC-08-239b; Issued 9/25/08 - PDF (PDF Help)

Citizens Community Bank, Ridgewood, NJ; FDIC-07-265b; Issued 9/15/08 - PDF (PDF Help)

America West Bank, Layton, UT; FDIC-08-150b; Issued 9/9/08 - PDF (PDF Help)

Lehman Brothers Commercial Bank, Salt Lake City, UT; FDIC-08-242b; Issued 9/14/08 - PDF (PDF Help)

Peoples Bank, Elkhorn, WI; FDIC-08-144b; Issued 9/18/08 - PDF (PDF Help)

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

Amerika Samoa Bank, Pago Pago, American Samoa; FDIC-08-036e; against Tofa Toeaina; Issued 9/12/08 - PDF (PDF Help)

State Bank of Illinois, West Chicago, IL; FDIC-07-154e; against Cathy L. Wiatrowski; Issued 9/12/08 - PDF (PDF Help)

Burlington Bank and Trust, Burlington, IA; FDIC-07-144e, against Michael D. Miller; Issued 9/12/08 - PDF (PDF Help)

Maryland Financial Bank, Towson, MD; FDIC-07-205e; against Michael K. Walsch; Issued 9/12/08 - PDF (PDF Help)

Commercial Bank, St. Louis, MO; FDIC-08-074e; against Steven D. Sanders; Issued 9/12/08 - PDF (PDF Help)

Citizens Bank of Pennsylvania, Philadelphia, PA; FDIC-08-125e; against Tamea Hill; Issued 9/12/08 - PDF (PDF Help)

North Fork Bank, Mattituck, NY; n/k/a Capital One, National Association, McLean, VA; FDIC-07-033e; against Lauren Walker-Diaz; Issued 9/12/08 - PDF (PDF Help)

State Bank of Cross Plains, Cross Plains, WI; FDIC-07-132e; against Jean M. Hosking; Issued 9/12/08 - PDF (PDF Help)

FINAL ORDERS ISSUED PURSUANT TO SECTION 18(h), 12 U.S.C. § 1828(h)
(Civil Money Penalties)

Union State Bank, Pell City, AL; FDIC-08-202OA; in the amount of $1,121.70; Issued 9/5/08 - PDF (PDF Help)

The Mahopac National Bank, Mahopac, NY; FDIC-08-203OA; in the amount of $3,828.09; Issued 9/18/08 - PDF (PDF Help)

Banco Popular North America, New York, NY; FDIC-08-111OA; in the amount of $70,000.00; Issued 9/12/08 - PDF (PDF Help)

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
(Civil Money Penalties)

The Bank of Commerce, Ammon, ID; FDIC-08-154k; in the amount of $5,900.00; Issued 9/16/08 - PDF (PDF Help)

Iroquois Farmers State Bank, Iroquois, IL; FDIC-08-141k; in the amount of $3,050.00; Issued 9/2/08 - PDF (PDF Help)

The Security State Bank, Wellington, KS; FDIC-08-182k; in the amount of $6,000.00; Issued 9/12/08 - PDF (PDF Help)

Independence Bank of Kentucky, Owensboro, KY, FDIC-07-185k; in the amount of $3,800.00; Issued 9/2/08 - PDF (PDF Help)

Pacific Continental Bank, Eugene, OR; FDIC-08-186k; in the amount of $ 8,400.00; Issued 9/8/08 - PDF (PDF Help)

Umpqua Bank, Roseburg, OR; FDIC-08-211k; in the amount of $90,240.00; Issued 9/30/08 - PDF (PDF Help)

TSB Bank, Lomira, WI; FDIC-08-023k; in the amount of $1,700.00; Issued 9/2/08 - PDF (PDF Help)

FINAL ORDERS ISSUED PURSUANT TO SECTION 19, 12 U.S.C. § 1829
(Section 19)

Samuel I. Nemirovsky, FDIC-08-087L; Order Granting Permission to File Application and Approving Application for Consent to Participate in the Affairs of any Insured Depository Institution; Issued 7/8/08 - PDF (PDF Help)

TERMINATIONS

Order Terminating an Order to Cease and Desist

The Columbian Bank and Trust Company, Topeka, KS; FDIC-08-085b; Issued 9/12/08 - PDF (PDF Help)

Richton Bank & Trust, Richton, MS; FDIC-06-158b; Issued 9/30/08 - PDF (PDF Help)

Doral Bank, Catano, Puerto Rico; FDIC-07-281b; Issued 9/15/08 - PDF (PDF Help)

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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 8,451 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, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-107-2008




Last Updated 10/31/2008 communications@fdic.gov