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FDIC MAKES PUBLIC AUGUST 1996 ENFORCEMENT ACTIONS;
NO ADMINISTRATIVE HEARINGS SET FOR OCTOBER
|FOR IMMEDIATE RELEASE
| Media Contact:
Carolyn Ryals (202) 416-2571
Clark Blight (202) 416-2583
The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in August 1996. No administrative hearings are scheduled during October.
The FDIC processed a total of 14 final orders in August. These included one cease-and-desist order, eight removal and prohibition orders, one civil money penalty, one voluntary termination of deposit insurance, one modification of cease-and-desist order and two terminations of cease-and-desist orders.
Copies of the orders referred to above can be obtained from or inspected at the Public Information Center, FDIC, 801 17th Street, N.W., Room 100, Washington, D.C. 20434 (telephone (703) 562-2200 or Fax (703) 562-2296). A list of the orders made public today is attached.
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b),
12 U.S.C. 1818(b)
LTCB Trust Company, New York, NY; FDIC-96-96b; Issued 8/13/96
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12
Bank of Williamsburg, Williamsburg, KY; FDIC-95-153k; against James D. Roland; Issued 8/12/96
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(q),
12 U.S.C. 1818(q)
First National Bank of Lockport, Lockport, IL; FDIC-96-56q; Issued 8/23/96
MODIFICATIONS AND TERMINATIONS
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 12,000 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 documents are available on the Internet via the World Wide Web at www.fdic.gov or through Gopher at gopher.fdic.gov. They may also be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 ((703) 562-2200).
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