FDIC MAKES PUBLIC AUGUST 1997 ENFORCEMENT ACTIONS;
ONE ADMINISTRATIVE HEARING SCHEDULED FOR OCTOBER
FOR IMMEDIATE RELEASE PR-70-97 (10-1-97)
Media Contact: David Barr (202) 898-6992
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in August. One administrative hearing is scheduled during October.
The FDIC processed a total of nine orders in August. These included two cease-and-desist orders, three removal and prohibition orders, one voluntary termination of deposit insurance, two terminations of cease-and-desist orders, and one decision and order.
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 800-276-6003, or fax (703) 562-2296). A list of orders made public today and details about the October hearing follow.
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FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. § 1818(b)
Royal Thrift and Loan Company, Los Angeles, CA; FDIC-97-059b; Issued 8/15/97
Kent Bank, Kent, IL; FDIC-97-33b; Issued 8/8/97
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
(Removal and Prohibition Orders)
Fairfield First Bank & Trust Company, Southport, CT; FDIC-97-030e; against Kevin M. White; Issued 8/12/97
Border Trust Company, South China, ME; FDIC-97-029e; against Charles P. LeBrun; Issued 8/20/97
National Bank of Greece, S.A., Boston, MA; FDIC-96-128e; against Panagiotis G. Bakeas; Issued 8/8/97
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(q), 12 U.S.C. § 1818(q)
(Voluntary Termination of Insurance)
First Home Savings Bank, FSB, Pittsburgh, PA; FDIC-97-39q; Issued 8/8/97
Worthington State Bank, Worthington, IN (now known as First Farmers State Bank, Worthington, IN); FDIC-93-127b; against Mark E. Van Eaton; Issued 8/8/97
DECISION AND ORDER
State Bank of Greenwald, Greenwald, MN; FDIC-89-29e; Decision and Order Approving Application to Modify Order of Prohibition From Further Participation against Douglas A. Winter; Issued 8/20/97
ADMINISTRATIVE HEARINGS SCHEDULED FOR OCTOBER 1997
First Guaranty Bank, Hammond, LA; In the Matter of Rick A. Jenson, et. al.; FDIC-95-65e; Section 8(e) Proceeding
States Custom House, Room 211
423 Canal Street
New Orleans, Louisiana
Memphis Regional Office
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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 11,191 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 information are available on the Internet via the World Wide Web at www.fdic.gov
and may also be obtained through the FDIC's Public Information Center (800-276-6003 or (703) 562-2200).