Press Releases FDIC Makes Public April Enforcement Actions No Administrative Hearing Scheduled
FOR IMMEDIATE RELEASE
June 6, 2007
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 hearing is scheduled for June.
The FDIC processed a total of 17 orders in April. These included three removal and prohibition orders, 10 civil money penalty orders, three cease and desist orders and one order terminating 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, 3501 Fairfax Drive, Room E-1002, Arlington, VA (telephone 703-562-2200 or 877-275-3342). To view all orders online, 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(e), 12 U.S.C. § 1818(e) (Removal and Prohibition Orders)
Liberty Bank of New York, New York, NY (merged successor and now known as) Wilshire State Bank, Los Angeles, CA; FDIC-04-253b; Issued 4/3/07 - PDF (PDF Help)
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 8,650 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.