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FDIC MAKES PUBLIC AUGUST 1995 ENFORCEMENT ACTIONS; NO ADMINISTRATIVE HEARINGS SET FOR OCTOBER

FOR IMMEDIATE RELEASE
PR-58-95 (9-29-95)
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 August. No administrative hearings are scheduled during October.

The FDIC processed a total of 27 final orders in August. These included two cease-and-desist orders, two call report penalties, three removal and prohibition orders, six civil money penalties, one voluntary termination of insurance, 11 terminations of cease-and-desist orders and two adjudicated decisions.

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 follows.

* * * * * * * *

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

Eastern International Bank, Alhambra, CA; FDIC-95-90b; Issued 8/22/95

Citizens State Bank of Milford, Milford, IL; FDIC-95-99b; Issued 8/29/95

FINAL ORDERS ISSUED PURSUANT TO SECTION 7(a), 12 U.S.C. . 1817(a)
(Call Report Penalties)

Bank of Lumber City, Lumber City, GA; CR-95-9402-11; Issued 8/10/95

Peoples Bank and Trust Company, Ryan, OK; CR-95-9402-14; Issued 8/10/95

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

Key Bank of Idaho, Boise, ID; FDIC-95-71e; against Kirsten K. Weaver; Issued 8/23/95

Community Bank of Greater Peoria, East Peoria, IL; now a branch of Magna Bank of IL, Belleville, IL; FDIC-94-126e; against John P. Daily; Issued 8/18/95

BayBank, Burlington, MA; FDIC-93-91e; against Richard Crawford; Issued 8/25/95

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

First State Bank, Mesquite, TX; FDIC-94-194k, against First State Bank, Mesquite, TX, Jim Lindsey, Letitia Price, Brigg Todd, John Todd and Marna Todd; Issued 8/24/95

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(g), 12 U.S.C. . 1818(g)
(Voluntary Termination of Insurance)

The Bank of Edwards, Edwards, MS; FDIC-95-68q; Issued 8/16/95

TERMINATIONS

Terminations of Cease-and-Desist Orders

Frontier State Bank, Show Low, AZ; FDIC-90-227b; Issued 8/15/95

Community First Bank, Bakersfield, CA; Merged Into And Now Known As: ValliWide Bank, Fresno, CA; FDIC-84-147b; Issued 8/25/95

Franklin Thrift and Loan, Orange, CA; FDIC-88-177b; Issued 8/15/95

River City Bank, Sacramento, CA; FDIC-92-119b; Issued 8/10/95

Pacific Heritage Bank, Torrance, CA; FDIC-94-151b; Issued 8/25/95 [closed 7/28/95]

Bank of A. Levy, Ventura, CA; Merged Into And Now Known As: First Interstate Bank of California, Los Angeles, CA; FDIC-93-159b; Issued 8/16/95

Farmers & Merchants State Bank, Meridian, ID; FDIC-84-89b; Issued 8/21/95

Farmers & Merchants State Bank, Meridian, ID; FDIC-90-63b; Issued 8/21/95

Northern State Bank of Virginia, Virginia, MN; FDIC-88-173b; Issued 8/25/95

Eurobank, Hato Rey, PR; FDIC-94-98b; Issued 8/16/95

Order Terminating Notice of Suspension and Prohibition

Bank of Hartshorne, Hartshorne, OK; Section 8(g); against Harvey L. Dollins, Jr.; Issued 8/9/95

ADJUDICATED DECISIONS

Capital Bank, St. Paul, MN; FDIC-92-249c&b, FDIC-92-250e, FDIC-92-251e and FDIC-92-252k; Decision and Order against Richard D. Donohoo, Craig R. Mathies, Bruce A. Rasmussen, Cheryl C. Godbout-Bandal, Wayne Field, Bruce A. Rasmussen & Associates, LTD. and Lindquist & Vennum; Issued 7/5/95

The Greene County Bank, Strafford, MO; FDIC-93-160b; Decision and Order; Issued 8/1/95

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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 12,000 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.

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