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ONE ADMINISTRATIVE HEARING SCHEDULED FOR JUNE
FOR IMMEDIATE RELEASE
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 April. One administrative hearing is scheduled for June.
The FDIC processed a total of eight orders in April. These included four removal and prohibition orders, one termination of a safety and soundness order and three terminations of cease-and-desist orders.
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.
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
Peoples Bank SB, Munster, IN; FDIC-99-072e; Prohibition From Further Participation against Raquel Blanca Avila; Issued 4/26/00
Monson Savings Bank, Monson, MA; FDIC-99-091e; against John A. Sacco; Issued 4/5/00
Community State Bank, Austin, TX; FDIC-99-081e; against Gary Bowles; Issued 4/21/00
Community State Bank, Austin, TX; FDIC-99-081e; against M. J. Cowan; Issued 4/21/00
Safety and Soundness Order
Fort Gibson State Bank, Fort Gibson, OK; FDIC-99-050b; Issued 4/17/00
First Capital Bank, Guthrie, OK; FDIC-99-054b; Issued 4/27/00
ADMINISTRATIVE HEARING SCHEDULED FOR JUNE 2000
Bank of Bourbonnais, Bourbonnais, IL: In the Matter of Don E. St. Germaine, Jr.; FDIC-97-096e, FDIC-99-130e and FDIC-99-131k; Civil Money Penalty and Section 8(e) Proceedings
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 10,220 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).
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