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FDIC Makes Public April Enforcement Actions;
No Administrative Hearings Scheduled
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 17 orders in April. These included nine removal and prohibition orders, and eight civil money penalty orders.
Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 3501 N. Fairfax Drive, Room E1002, Arlington, VA (telephone 703-562-2200 or 877-275-3342). The orders will also be made available online within a week of the issuance of this news release. To view the orders online, visit the FDIC's Web page at http://www.fdic.gov/bank/individual/enforcement/neworders.html . A list of orders made public today follows.
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
Capitol City Bank & Trust Company, Atlanta, GA; FDIC-06-054e; against Linda C. Hollingsworth; Issued 4/21/06
Fidelity Bank, Atlanta, GA; FDIC-04-297e; against Bonnie D. Johnson; Issued 4/21/06
Bank of Upson, Thomaston, GA; FDIC-06-061e; against Rebecca D. Gresham; Issued 4/21/06
Mainsource Bank, Greensburg, IN; FDIC-06-003e; against Mary Debra Booher; Issued 4/21/06
Markle Bank, Markle, IN; FDIC-05-241e; against Beth A.Vanosdol; Issued 4/21/06
Westborough Savings Bank, Westborough, MA; FDIC-06-005e; against Paul M. Gleason, Jr.; Issued 4/21/06
Westborough Savings Bank, Westborough, MA; FDIC-05-009e; against Peter M. Panagiotou; Issued 4/21/06
Planters Bank & Trust Company, Indianola, MS; FDIC-05-012e; against Sarah M. Williams; Issued 4/21/06
Asia-Europe-Americas Bank, Seattle, WA; now known as Bay Bank, a division of The Cowlitz Bank, Longview, WA; FDIC-04-282e; against Per-Odd Keul; Issued 4/21/06
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
San Joaquin Bank, Bakersfield, CA; FDIC-06-016k; Order to Pay Civil Money Penalty in the amount of $600; Issued 4/10/06
Preferred Bank, Los Angeles CA; FDIC-06-051k; Order to Pay in the amount of $450; Issued 4/10/06
Omni Bank, Metairie, LA; FDIC-05-051k; Order to Pay Civil Money Penalty in the amount of $22,330; Issued 4/25/06
Westborough Savings Bank, Westborough, MA; FDIC-06-006k; Order to Pay Civil Money Penalty against Paul M. Gleason, Jr. in the amount of $5,000; Issued 4/21/06
Westborough Savings Bank, Westborough, MA; FDIC-06-030k; Order to Pay Civil Money Penalty against Peter M. Panagiotou in the amount of $8,000; Issued 4/21/06
First Security State Bank, Charleston, MO; FDIC-05-209k; Order to Pay Civil Money Penalty in the amount of $20,000; Issued 4/8/06
Asia-Europe-Americas Bank, Seattle, WA, now known as Bay Bank, a division of The Cowlitz Bank, Longview, WA; FDIC-04-283k; Order to Pay against Per-Odd Keul in the amount of $20,000; Issued 4/21/06
First Sentry Bank, Inc., Huntington, WV; FDIC-06-017k; Order to Pay in the amount of $10,875; Issued 4/27/06
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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 8,790 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, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). (PR-56-2006)
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