The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in August. One administrative hearing is scheduled for October.
The FDIC processed a total of 48 matters in August. These included twenty-four cease and desist orders; one temporary cease and desist order; fourteen civil money penalties; two prompt corrective action directives; and five orders terminating an order to cease and desist; and two Notices.
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 1-877-275-3342). To view individual orders below, click the link for the PDF next to the order. 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(b), 12 U.S.C. §1818(b)
ADMINISTRATIVE HEARINGS SCHEDULED FOR OCTOBER 2009
First State Bank, Cranford, New Jersey; FDIC-08-166b; Section 8(b) Proceeding
Date: October 5, 2009
Location: To Be Determined
FDIC contact: Wendy L Markee, (Counsel)
Ramona Nicholson, Senior Attorney
New York Regional Office
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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 8,195 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-176-2009