The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in March. No administrative hearings are scheduled.
The FDIC processed a total of 104 matters in March. These included 42 cease and desist consent orders; 20 removal and prohibition orders; one order to immediately pay liability; 22 civil money penalties; eight prompt corrective actions; two voluntary terminations of insurance; one section 19 order; six orders terminating an order to cease and desist; one notice of assessment of liability, findings of fact and conclusions of law, order to immediately pay liability, and notice of hearing; and one adjudicated decision.
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)
FINAL ORDERS ISSUED PURSUANT TO SECTION 19, 12 U.S.C. § 1829(p)
Robert Edward Bouchard, FDIC-09-758L; Order Granting Permission to File Application and Approving Application for Consent to Participate in the Affairs of any Insured Depository Institution; Issued 3/18/10 - PDF (PDF Help)
Order Terminating an Order to Cease and Desist
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 8,012 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-94-2010