FDIC MAKES PUBLIC JANUARY 2001 ENFORCEMENT ACTIONS; NO ADMINISTRATIVE HEARINGS SCHEDULED
FOR IMMEDIATE RELEASE PR-14-2001 (2-28-2001)
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 2001. No administrative hearings are scheduled for March 2001.
The FDIC processed a total of eight orders in January. These included one cease-and-desist order, one removal and prohibition order, four orders to pay civil money penalties and two 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). The orders will also be made available on-line within a week of the issuance of this news release. To view the orders on-line, 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)
Walhalla State Bank, Walhalla, ND; FDIC-00-125b; Issued 1/16/01
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
(Removal and Prohibition Order)
First State Bank of Pekin, Pekin, IL; FDIC-00-015e; against William R. Craig; Issued 1/3/01
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C §1818(i)
(Civil Money Penalties)
Gateway American Bank of Florida, Fort Lauderdale, FL; FDIC-00-116k; Order to Pay Civil Money Penalty in the amount of $2,500; Issued 1/23/01
Morton Community Bank, Morton, IL; FDIC-00-101k; Order to Pay Civil Money Penalty in the amount of $6,000; Issued 1/16/01
Community Bank of Maryland, Bowie, MD; FDIC-00-112k; Order to Pay Civil Money Penalty in the amount of $2,250; Issued 1/9/01
First Security State Bank of Southeast Missouri, Caruthersville, MO; FDIC-00-106k; Order to Pay $2,500; Issued 1/10/01
Security State Bank, Wewoka, OK; FDIC-99-136b and OSBD-99-C&D-5; Issued 1/17/01
Home State Bank, Rochester, TX; FDIC-99-137b; Issued 1/16/01
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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 10,101 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).