FDIC ISSUES REMOVAL AND PROHIBITION ORDERS
AGAINST TWO FORMER IOWA BANKERS
FOR IMMEDIATE RELEASE PR-126-2003 (12-12-2003)
Media Contact: Frank Gresock 202-898-6634
The Federal Deposit Insurance Corporation (FDIC) in October issued removal and prohibition orders against Darin L. Thierer and Donn K. Thierer.
The Thierers were directors of the failed Hartford-Carlisle Savings Bank, Carlisle, IA.
They consented to the orders without admitting or denying culpability. The FDIC's action is based on allegations that the Thierers engaged in unsafe banking practices.
Under the orders, the Thierers are prohibited from further participation in the banking industry without FDIC approval.
The order is attached.
Docket No. FDIC-03-126e
Docket No. FDIC-03-127e
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 9,237 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 (877-275-3342 or (703) 562-2200).