FDIC Makes Public February 2001 Enforcement Actions; No Administrative Hearings Scheduled
FOR IMMEDIATE RELEASE PR-25-2001 (3-30-2001)
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 February 2001. No administrative hearings are scheduled for April 2001.
The FDIC processed a total of five orders in February. These included two removal and prohibition orders, two orders to pay civil money penalties and one termination of a cease-and-desist 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). 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(e), 12 U.S.C. § 1818(e)
(Removal and Prohibition Orders)
Murphy-Wall State Bank, Pinckneyville, IL; FDIC-99-093e; against Michael R. Karnes;
Republic Bank of Norman, Norman, OK; FDIC-00-056e; against Charles R. Huffman;
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
(Civil Money Penalties)
Peoples Community Bank, Columbia, AL; FDIC-00-105k; Order to Pay Civil Money Penalty in the amount of $5,500; Issued 2/14/01
Capital Thrift and Loan Association, Napa, CA; FDIC-01-005k; Order to Pay Civil Money Penalty in the amount of $5,500; Issued 2/21/01
TERMINATION OF CEASE AND DESIST ORDER
Banco Financiero de Puerto Rico, Ponce, PR; FDIC-99-139b; Issued 02/14/01
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 9,905 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).