Each depositor insured to at least $250,000 per insured bank



Home > News & Events > Press Releases




Press Releases

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

FOR IMMEDIATE RELEASE
June 25, 2010
Media Contact:
LaJuan Williams-Young
Office: (202) 898-3876
Email: lwilliams-young@fdic.gov

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.

The FDIC processed a total of 62 matters in May. These included 30 cease and desist consent orders; three removal and prohibition orders; thirteen civil money penalties; eight prompt corrective actions; one section 19; and seven orders terminating an order 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 individual orders below, click the link for the PDF next to the order. 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)

Butte Community Bank, Chico, CA; FDIC-10-097b; Issued 5/18/10 - PDF

America California Bank, San Francisco, CA; FDIC-10-287b; Issued 5/14/10 - PDF

Tri Valley Bank, San Ramon, CA; FDIC-10-293b; Issued 5/24/10 - PDF

Sonoma Valley Bank, Sonoma, CA; FDIC-10-249b; Issued 5/18/10 - PDF

First Vietnamese American Bank, Westminster, CA; FDIC-10-248b; Issued 5/25/10 - PDF

Pine River Valley Bank, Bayfield, CO; FDIC-10-284b; Issued 5/26/10 PDF

Bank of Choice, Greeley, CO; FDIC-10-142b; Issued 5/6/10 PDF

The First Bank of Greenwich, Cos Cob, CT; FDIC-10-323b; Issued 5/17/10 PDF

Bank of Florida – Southwest, Fort Lauderdale, FL; FDIC-09-587b; Issued 5/21/10 PDF

Bank of Florida – Southwest, Naples FL; FDIC-09-586b; Issued 5/21/10 PDF

Bank of Florida – Tampa Bay, Tampa, FL; FDIC-09-588b; Issued 5/20/10 PDF

Premier Bank, Tallahassee, FL; FDIC-10-074b; Issued 5/5/10 PDF

Columbus Community Bank, Columbus, GA; FDIC-10-135b; Issued 5/25/10 PDF

South Georgia Bank, Glennville, GA; FDIC-10-165b; Issued 5/5/10 PDF

Pineland State Bank, Metter, GA; FDIC-10-211b; Issued 5/27/10 PDF

Bank of Monticello, Monticello, GA; FDIC-10-258b; Issued 5/27/10 PDF

Citizens Bank of Effingham, Springfield, GA; FDIC-10-102b; Issued 5/4/10 PDF

Builders Bank, Chicago, IL; FDIC-09-617b; Issued 5/27/10 PDF

HomeStar Bank and Financial Services, Manteno, IL; FDIC-09-580b; Issued 5/24/10 PDF

Monarch Community Bank, Coldwater, MI; FDIC-10-190b; Issued 5/6/10 PDF

Traverse City State Bank, Traverse City, MI; FDIC-10-131b; Issued 5/26/10 PDF

Eagle Community Bank, Maple Grove, MN; FDIC-10-164b; Issued 5/27/10 PDF

Glasgow Savings Bank, Glasgow, MO; FDIC-10-282b; Issued 5/26/10 PDF

Superior Bank, Hazelwood, MO; FDIC-10-229b; Issued 5/26/10 PDF

Ericson State Bank, Ericson, NE; FDIC-10-230b; Issued 5/20/10 PDF

Pisgah Community Bank, Asheville, NC; FDIC-10-280b; Issued: 5/5/10 PDF

Nova Bank, Berwyn, PA; FDIC-10-210b; Issued 5/7/10 PDF

First CornerStone Bank, King of Prussia, PA; FDIC-10-151b; Issued 5/12/10 PDF

Congaree State Bank, West Columbia, SC; FDIC-10-047b; Issued 5/14/10 PDF

The Equitable Bank, SSB, Wauwatosa, WI; FDIC-10-099b; Issued 5/14/10 PDF


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

TotalBank, Miami, FL; FDIC-09-729e; against Antoinette Rios; Issued 5/20/10 PDF

Commerce Bank & Trust Company, Worcester, MA and 1-800-EAST-WEST

MORTGAGE COMPANY; FDIC-08-327e; against John F. Gallagher; Issued 5/20/10 PDF

Citizens Bank of Pennsylvania, Philadelphia, PA; FDIC-10-197e; against Trena M. Smith; Issued 5/20/10 PDF


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

Saehan Bank, Los Angeles, CA; FDIC-10-255k; in the amount of $2,200.00; Issued 5/7/10 PDF

Bank of the West, San Francisco, CA; FDIC-10-253k; in the amount of $68,200.00; Issued 5/3/10 PDF

Chinatrust Bank (U.S.A.), Torrance, CA; FDIC-10-254k; in the amount of $2,000.00; Issued 5/14/10 PDF

The Coastal Bank of Georgia, Brunswick, GA; FDIC-10-396k; in the amount of $74,580.00; Issued 5/28/10 PDF

Bank of Monticello, Monticello, GA; FDIC-10-136k; in the amount of $5,600.00; Issued 5/11/10 PDF

Blackhawk Bank & Trust, Milan, IL; FDIC-09-075k; in the amount of $3,325.00; Issued 5/12/10 PDF

Security State Bank, Waverly, IA; FDIC-10-141k; in the amount of $2,000.00; Issued 5/11/10 PDF

The Bank of Harlan, Harlan, KY; FDIC-09-034k; in the amount of $8,315.00; Issued 5/25/10 PDF

Commerce Bank & Trust Company, Worcester, MA and 1-800-EAST-WEST MORTGAGE COMPANY; FDIC-08-328k; against John F. Gallagher in the amount of $150,000.00; Issued 5/20/10 PDF

Bank of Nevada, Las Vegas, NV; FDIC-10-261k; in the amount of $2,350.00; Issued 5/7/10 PDF

Eurobank, San Juan, PR; FDIC-10-193k; in the amount of $25,000.00; Issued 4/22/10 PDF

Farmers and Merchants Union Bank, Columbus, WI; FDIC-09-674k; in the amount of $5,500.00; Issued 5/18/10 PDF

The Bank of New Glarus, New Glarus, WI; FDIC-10-232k; in the amount of $5,400.00; Issued 5/12/10 PDF


FINAL ORDERS ISSUED PURSUANT TO SECTION 38, 12 U.S.C. 1831o
(Prompt Corrective Actions)

Legacy Bank, Scottsdale, AZ; FDIC-10-354PCAS; Issued 5/24/10 PDF

Butte Community Bank, Chico, CA; FDIC-10-334PCAS; Issued 5/3/10 PDF

Shoreline Bank, Shoreline, WA; FDIC-10-387PCAS; Issued 5/27/10 PDF

Ravenswood Bank, Chicago, IL; FDIC-10-286PCAS; Issued 5/6/10 PDF

SouthwestUSA Bank, Las Vegas, NV; FDIC-10-343PCAS; Issued 5/7/10 PDF

Blue Ridge Savings Bank, Inc., Asheville, NC; FDIC-10-333PCAS; Issued 5/28/10 PDF

LibertyBank, Eugene, OR; FDIC-10-361PCAS; Issued 5/14/10 PDF

Badger State Bank, Cassville, WI; FDIC-10-316PCAS; Issued 5/5/10 PDF


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

Jeff Lee Benitez; FDIC-09-759L; Order Granting Permission to File Section 19 Application and Approving Application for Consent to Participate in the Affairs of any Insured Depository Institution; Issued 5/5/10 PDF


TERMINATIONS
Orders Terminating an Order to Cease and Desist

Arcola Homestead Savings Bank, Arcola, IL; FDIC-09-078b; Issued 5/27/10 PDF

BankHaven, Haven, KS; FDIC-08-108b; Issued 5/28/10 PDF

Paragon Bank & Trust, Holland, MI; FDIC-09-352b; Issued 5/6/10 PDF

State Bank of Aurora, Aurora, MN; FDIC-09-026b; Issued 5/26/10 PDF

De Witt State Bank, De Witt, NE; FDIC-09-442b; Issued 5/20/10 PDF

The Farmers Bank, Lincoln, NE; FDIC-09-060b; Issued 5/20/10 PDF

Citizens State Bank of Lankin, Lankin, ND; FDIC-07-01b; Issued 5/20/10 PDF

# # #

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 7,932 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-142-2010




Last Updated 6/25/2010 communications@fdic.gov