FDIC MAKES PUBLICK JANUARY 1999 ENFORCEMENT ACTIONS; NO ADMINISTRATIVE HEARINGS SCHEDULED FOR MARCH
FOR IMMEDIATE RELEASE PR-7-99 (2-26-99)
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 January. No administrative hearings are scheduled for March.
The FDIC processed a total of six orders in January. These included one order for restitution, two terminations of cease-and-desist orders and three call report penalties.
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). 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)
(Order for Restitution)
Midland Bank of Kansas (f/k/a The Tower State Bank), Mission, KS (In Receivership), and Midland Bank
Lee's Summit, MO; FDIC-97-058b; against Leopold H. Grief; Issued 1/28/99
TERMINATIONS OF CEASE-AND-DESIST ORDERS
Industrial Bank, Los Angeles, CA, merged into and now known as Washington Mutual Bank, Seattle, WA; FDIC-93-233b; Issued 1/8/99
Republic Bank, Torrance, CA, merged into and now a branch of First Bank & Trust, Newport Beach, CA; FDIC-90-277b; Issued 1/19/99
FINAL ORDERS ISSUED PURSUANT TO SECTION 7(a), 12 U.S.C. § 1817(a)
(Call Report Penalties)
The Bank of Old Monroe, Old Monroe, MO; CR-98-9801-017; stipulation and Consent Order to Pay $1,800; Issued 1/27/99
The Pleasant Hill Bank, Pleasant Hill, MO; CR-98-9801-018; Stipulation and Consent Order to Pay $1,800; Issued 1/27/99
Lyndon Guaranty Bank of New York, Rochester, NY; CR-98-9801-019; Stipulation and Consent Order to Pay $1,380; Issued 1/27/99
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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 10,623 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, including today's quarterly listing, are available on the Internet at www.fdic.gov
or through the FDIC's Public Information Center (800-276-6003 or (703) 562-2200).