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FDIC Makes Public June Enforcement Actions; One Administrative Hearing Scheduled for August 2011
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in June. One administrative hearing is scheduled for August 2011.
The FDIC processed a total of 45 matters in June. These included 14 consent orders; 4 removal and prohibition orders; 10 civil money penalties; three prompt corrective actions; one Section 19; one modification order; eight orders terminating consent orders and cease and desist orders; two notices of charges and of hearing; and two notices of intention to prohibit from further participation.
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.
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FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. § 1818(b)
First Bank, Clewiston, FL; FDIC-11-169b; Issued: 6/16/11 - PDF
U.S. Century Bank, Doral, FL; FDIC-11-174b; Issued: 6/7/11 - PDF
The Coastal Bank, Savannah, GA; FDIC-11-055b; Issued: 6/2/11 - PDF
Covenant Bank, Chicago, IL; FDIC-11-022b; Issued: 6/6/11 - PDF
Kenney Bank and Trust, Kenney, IL; FDIC-11-163b; Issued: 6/3/11 - PDF
Vermont State Bank, Vermont, IL; FDIC-11-133b; Issued: 6/6/11 - PDF
PBI Bank, Louisville, KY; FDIC-11-145b; Issued: 6/24/11 - PDF
Peoples State Bank of Madison Lake, Madison Lake, MN; FDIC-11-185b; Issued: 6/22/11 - PDF
Flagship Bank Minnesota, Wayzata MN; FDIC-11-121b; Issued: 6/8/11 - PDF
The Bank of Houston, Houston, MO; FDIC-11-237b; Issued: 6/8/11 - PDF
The Community Bank of Shell Knob, Shell Knob, MO; FDIC-11-211b; Issued: 6/17/11 - PDF
Community Trust & Banking Company, Ooltewah, TN; FDIC-11-085b; Issued: 6/15/11 - PDF
Texas Champion Bank, Alice, TX; FDIC-11-027b; Issued: 6/16/11 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
Citizens Business Bank, Ontario, CA; against Jeri Sell; FDIC-10-771e; Issued: 6/10/11 - PDF
First International Bank, Plano, TX; FDIC-10-228e; against Alexandro Sanchez; Issued: 6/10/11 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
Century Bank of Georgia, Cartersville, GA; FDIC-11-253k; in the amount of $9,500.00; Issued: 6/3/11 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 38, 12 U.S.C. § 1831o
Citizens Bank of Northern California, Nevada City, CA; FDIC-11-358PCAS; Issued: 6/28/11 - PDF
FINAL ORDERS ISSUED PURSUANT TO SECTION 19, 12 U.S.C. § 1829
Tennessee State Bank, Pigeon Forge, TN; FDIC-96-105e; Order Modifying Order of Prohibition From Further Participation against Billy Proffitt; Issued: 6/21/11 - PDF
Orders Terminating Consent Orders and Cease and Desist Orders
Notices of Charges and of Hearing
Bank of South Texas, McAllen, TX; FDIC-10-327e; FDIC-10-328k; Notice of Intention to Prohibit From Further Participation against Rogelio Ibanez, Jr. and Notice of Assessment of Civil Money Penalty, Findings of Fact and Conclusions of Law, Order to Pay, and Notice of Hearing against Rogelio Ibanez, Jr. in the amount of $75,000.00; FDIC-10-327e; FDIC-10-328k; Issued: 6/3/11 - PDF
Notice of Intention to Prohibit From Further Participation
Bank of Clark County (In Receivership), Vancouver, WA; FDIC-10-416e; Notice of Intention to Prohibition From Further Participation against David Kennelly; Issued: 6/10/11 - PDF
ADMINISTRATIVE HEARING SCHEDULED FOR AUGUST 2011
Central Bank of Georgia, Ellaville, GA; In the Matter of William Ben Dupree, III; FDIC -10-625e; FDIC-10-624k; Section 8(e) and Civil Money Penalty Proceedings
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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 7,575 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-125-2011
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