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FDIC MAKES PUBLIC JANUARY 1995 ENFORCEMENT ACTIONS; PROVIDES LIST OF HEARINGS TO BE HELD IN MARCH

FOR IMMEDIATE RELEASE
PR-13-95 (2-17-95)
Media Contact:
David Barr (202) 898-6992

The Federal Deposit Insurance Corporation today released a list of orders of administrative enforcement actions taken against banks and individuals in January of 1995. Two administrative hearings are scheduled during March.

The FDIC processed a total of 20 final orders in January. These included three cease-and-desist orders, three removal and prohibition orders, two civil money penalties, eight terminations of cease-and-desist orders, two orders terminating orders to pay, one order dismissing proceeding and one adjudicated decision.

Copies of the orders referenced above can be obtained upon written request to the Office of Corporate Communications, FDIC, 550 17th Street, N.W., Washington, D.C. 20429 (or FAX 202/898-8565); or by inspection Monday through Friday in the FDIC's Reading Room, Room 7118, at the 17th Street location. A list of the orders made public today and details about the March hearings are attached.

* * * * * * * * * *

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. . 1818(b) (Cease-and-Desist)

Sunniland Bank, Fort Lauderdale, FL; FDIC-95-13b; Issued 1/30/95

Kent Bank, Kent, IL; FDIC-94-198b; Issued 1/20/95

American City Bank of Tullahoma, Tullahoma, TN; FDIC-95-2b; Issued 1/11/95

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. . 1818(e) (Removal and Prohibition Orders)

First Commercial Bank, Sacramento, CA; FDIC-94-147e; against Richard Robert Speidel; Issued 1/17/95

State Bank of Springfield, Springfield, MN; FDIC-93-240e; against Paul P. Jensen; Issued 1/19/95

State Bank of Springfield, Springfield, MN; FDIC-93-240e; against Glenn J. Schmitz; Issued 1/19/95

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. . 1818(i)(Civil Money Penalties and Removal Orders)

First Prairie Bank, Blooming Prairie, MN (now merged into American Bank Mankato, Mankato, MN), Bank of Elbow Lake, Elbow Lake, MN and State Bank of Wendell, Wendell, MN; FDIC-93-42e and FDIC-93-43k; against Paul C. Griebel; Issued 1/17/95

First Prairie Bank, Blooming Prairie, MN (now merged into American Bank Mankato, Mankato, MN), Bank of Elbow Lake, Elbow Lake, MN, and State Bank of Wendell, Wendell, MN; FDIC-93-42e and FDIC-93-43k; against Alan D. Kluis; Issued 1/17/95

TERMINATIONS

Terminations of Cease-and-Desist Orders

Essex Savings Bank, Essex, CT; FDIC-91-303b; Issued 1/24/95

Dime Savings Bank, Wallingford, CT; FDIC-93-27b; Issued 1/31/95

Goreville State Bank, Goreville, IL, Robert G. Cruse, Sr. and Robert G. Cruse, Jr.; FDIC-93-191b; Issued 1/5/95

The Farmers State Bank, Offerle, KS (n/k/a Girard National Bank, Girard, KS); FDIC-90-192b; Issued 1/27/95

Bridgewater Co-operative Bank, Bridgewater, MA; FDIC-92-130b; Issued 1/13/95

Randolph Savings Bank, Randolph, MA; FDIC-90-105b; Issued 1/13/95

Bank of Elbow Lake, Elbow Lake, MN (n/k/a Pope County State Bank, Glenwood, MN); FDIC-89-93b; Issued 1/26/95

Peoples State Bank, Fairmount, ND; FDIC-90-256b; Issued 1/17/95

Orders Terminating Order to Pay

State Bank of Springfield, Springfield, MN; FDIC-93-241k; against Paul P. Jensen; Issued 1/19/95

State Bank of Springfield, Springfield, MN; FDIC-93-241k; against Glenn J. Schmitz; Issued 1/19/95

Order Dismissing Proceeding Against Roger A. Petersen Only

Roger A. Petersen, Rick R. Sanders and Michael J. Walts, Bank of Bellevue, Bellevue, NE; Tri-County Bank & Trust, Bellevue, NE; Boone State Bank & Trust Co., Boone, IA; and Standard State Bank & Trust Co., Independence, MO; FDIC-92-191e; Issued 1/19/95

ADJUDICATED DECISIONS

Crescent City Bank & Trust Company, New Orleans, LA; FDIC-92-166e; Decision and Order Denying Request for Interlocutory Review against Ray C. Baas; Issued 1/27/95

* * *ADMINISTRATIVE HEARINGS SCHEDULED FOR MARCH 1995* * *

BayBank, Burlington, MA; In the Matter of Jeffrey Adams, et al; FDIC-93-91e Section 8(e) Removal and Prohibition Action

Date: March 20 & 27, 1995
Location: Superior Courthouse
Courtroom 1
Northampton, Massachusetts
FDIC contact: Linda M. Hamel, Senior Attorney
Boston Regional Office

Liberty Bank, Honolulu, HI; In the Matter of Hiram Fong, Jr.; FDIC-94-81e; Section 8(e) Proceeding

Date: March 24, 1995
Location: Written Submissions
FDIC contact: JoAnna A. Gekas, Senior Attorney
San Francisco Regional Office

Last Updated 07/14/1999 communications@fdic.gov