FDIC MAKES PUBLIC APRIL ENFORCEMENT ACTIONS;
NO ADMINISTRATIVE HEARINGS SCHEDULED
FOR IMMEDIATE RELEASE PR-61-2002 (6-4-2002)
Media Contact: Frank Gresock (202) 898-6634
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in April. No administrative hearings are scheduled for June.
The FDIC processed a total of 15 orders in April. These included three cease-and-desist orders, one removal and prohibition order, five civil money penalty orders, one voluntary termination of insurance, and five 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.
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. § 1818(b)
Pacific Union Bank, Los Angeles, CA; FDIC-02-055b; Issued 4/4/02
International Finance Bank, Miami, FL; FDIC-02-018b; Issued 4/5/02
The Bank of Bolivar, Bolivar, TN; FDIC-01-125b; Issued 4/3/02
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
Removal and Prohibition Order)
Lena State Bank, Lena, IL; FDIC-01-108e; against John C. Bollman; Issued 4/26/02
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
(Civil Money Penalties)
Bank of Belle Glade, Belle Glade, FL; FDIC-01-183k; Order to Pay Civil Money Penalty in the amount of $2,500; Issued 4/9/02
Lena State Bank, Lena, IL; FDIC-01-109k; Order to Pay Civil Money Penalty against John C. Bollman in the amount of $25,000; Issued 4/26/02
Security State Bank, Waverly, IA; FDIC-01-143k; Order to Pay Civil Money Penalty in the amount of $1,300; Issued 4/12/02
First Community Bank, Missouri, Poplar Bluff, MO; FDIC-01-184k; Order to Pay Civil Money Penalty in the amount of $6,400; Issued 4/01/02
Roanoke Rapids Savings Bank, SSB, Roanoke Rapids, NC; FDIC-02-021k;
Order to Pay Civil Money Penalty in the amount of $2,150; Issued 4/19/02
FINAL ORDER ISSUED PURSUANT TO SECTION 8(q), 12 U.S.C. § 1818(q)
(Voluntary Termination of Insurance)
Bank of Lakewood, Lakewood, CA; Now Known as: Gateway Business Bank, Lakewood, CA;
FDIC-99-132b; Issued 4/3/02
California Center Bank, Los Angeles, CA; FDIC-01-181b; Issued 4/9/02
BYL Bank Group, Orange, CA; FDIC-00-070b; Issued 4/24/02
Bank of Benoit, Benoit, MS; FDIC-01-038b; Issued 4/12/02
Advanta Bank Corp., Draper, UT; FDIC-00-062b; Issued 4/4/02
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 9,613 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. The FDIC receives no federal tax dollars-insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov or through the FDIC's Public Information Center (800-276-6003 or (703) 562-2200).