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FDIC Enforcement Decisions and Orders |
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Board finds that Bank has not corrected unsafe or unsound practices and/or condition and orders termination of insured status, effective March 31, 1992. (This order was terminated by order of the FDIC dated 4-13-92; see ¶
In the Matter of
By certified mail dated April 24, 1990, the Federal Deposit Insurance Corporation ("FDIC") notified the Honorable Robert L. Clarke, Comptroller of the Currency ("Primary Regulator"), of the FDIC's determination that Progressive National Bank of Rayne, Rayne, Louisiana ("Insured Institution"), had engaged or was engaging in unsafe or unsound practices and/or was in an unsafe or unsound condition to continue operations as an insured depository institution and that termination of the Insured Institution's insured status was necessary, and also informed the Primary Regulator of the facts and circumstances on which said determination was based.
(Date) ______. |
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Last Updated 6/6/2003 | legal@fdic.gov |