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FDIC Makes Public November Enforcement Actions;
No Administrative Hearing Scheduled
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in November. No administrative hearing is scheduled for January 2007.
The FDIC processed a total of 17 orders in November. These included five removal and prohibition orders, five civil money penalty orders, four cease and desist orders, and three terminations of orders to cease and desist.
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 E-1002, 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)
Austin Bank of Chicago, Chicago, IL; FDIC-04-210e; against Venessa D. Taliferro; Issued 11/28/06
State Bank and Trust Company, Harrodsburg, KY; FDIC-06-084e; against Robbie S. Adkinson; Issued 11/28/06
Bancorpsouth, Tupelo, MS; FDIC-05-199e; against Joseph C. Creely; Issued 11/28/06
Advantage Bank, Cambridge, OH; FDIC-06-074e; against Randy L. Mossbarger; Issued 11/28/06
Citizens Bank of Pennsylvania, Philadelphia, PA; FDIC-06-066e; against John J. Martin; Issued 11/28/06
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
Bancorpsouth, Tupelo, MS; FDIC-06-210k; Order to Pay Civil Money Penalty against Joseph C. Creely in the amount of $15,000; Issued 11/28/06
The Pleasant Hill Bank, Pleasant Hill, MO; FDIC-06-163k; Order to Pay Civil Money Penalty in the amount of $2,000; Issued 11/8/06
The Pleasant Hill Bank, Pleasant Hill, MO; FDIC-06-165k; Order to Pay Civil Money Penalty in the amount of $3,500; Issued 11/8/06
Crescent Bank, Myrtle Beach, SC; FDIC-06-102k; Order to Pay Civil Money Penalty in the amount of $3,500; Issued 11/8/06
Waukesha State Bank, Waukesha, WI; FDIC-06-104k; Order to Pay Civil Money Penalty in the amount of $7,650; Issued 11/29/06
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. § 1818(b)
Great Florida Bank, Miami, FL; FDIC-06-183b; Issued 11/17/06
Central Pacific Bank, Honolulu, HI; FDIC-06-205b; Issued 11/29/06
Edgebrook Bank, Chicago, IL; FDIC-06-106b; Issued 11/1/06
SouthwestUSA Bank, Las Vegas, NV; FDIC-06-216b; Issued 11/20/06
ORDERS TERMINATING AN ORDER TO CEASE AND DESIST
First Bank of Northern Kentucky, Inc., Fort Mitchell, KY; FDIC-05-180b; Order Terminating Order to Cease and Desist; Issued 11/17/06
Cottonport Bank, Cottonport, LA; FDIC-05-207b; Order Terminating an Order to Cease and Desist; Issued 11/8/06
WebBank, Salt Lake City, UT; FDIC-04-281b; Order Terminating an Order to Cease and Desist; Issued 11/21/06
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 8,743 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 and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-119-2006
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