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FDIC MAKES PUBLIC SEPTEMBER ENFORCEMENT ACTIONS;
ONE ADMINISTRATIVE HEARING SET FOR NOVEMBER
FOR IMMEDIATE RELEASE
PR-83-96 (10-29-96)
Media Contact:
David Barr (202) 898-6992

The Federal Deposit Insurance Corporation released a list of orders of administrative enforcement actions taken against banks and individuals in September. One administrative hearing is scheduled for November.

The FDIC processed a total of 19 final orders in September. These included two cease-and-desist orders, 10 removal and prohibition orders, one voluntary termination of deposit insurance, two modifications of removal and prohibition orders, three terminations of cease-and-desist orders and one adjudicated decision.

Copies of the orders referred to above can be obtained from or inspected at the Public Information Center, FDIC, 801 17th Street, N.W., Room 100, Washington, D.C. 20434 (telephone (703) 562-2200 or fax (703) 562-2296). A list of the orders made public today and details about the November hearing are attached.


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

  • DuPage Valley State Bank, Woodridge, IL, (merged into) Bridgeview Bank and Trust Company, Bridgeview, IL; FDIC-96-58b; against David A. Gimbel, Thomas E. Lyons, Raymond P. O'Machel and George Skweres; Issued 9/27/96
  • DuPage Valley State Bank, Woodridge, IL, (merged into) Bridgeview Bank and Trust Company, Bridgeview, IL; FDIC-96-77b; against David L. Audino; Issued 9/27/96
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. 1818(e)
(Removal and Prohibition Orders)
  • Burling Bank, Chicago, IL; FDIC-96-67e; against William S. Aldrich; Issued 9/18/96
  • DuPage Valley State Bank, Woodridge, IL, (merged into) Bridgeview Bank and Trust Company, Bridgeview, IL; FDIC-96-57e; against Thomas E. Lyons; Issued 9/18/96
  • DuPage Valley State Bank, Woodridge, IL, (merged into) Bridgeview Bank and Trust Company, Bridgeview, IL; FDIC-96-59e; against David A. Gimbel; Issued 9/18/96
  • DuPage Valley State Bank, Woodridge, IL, (merged into) Bridgeview Bank and Trust Company, Bridgeview, IL; FDIC-96-60e; against George Skweres; Issued 9/18/96
  • DuPage Valley State Bank, Woodridge, IL, (merged into) Bridgeview Bank and Trust Company, Bridgeview, IL; FDIC-96-61e; against Raymond P. O'Machel; Issued 9/18/96
  • DuPage Valley State Bank, Woodridge, IL, (merged into) Bridgeview Bank and Trust Company, Bridgeview, IL; FDIC-96-62e; against David L. Audino; Issued 9/18/96
  • Midland Bank of Kansas, (f/k/a The Tower State Bank) Mission, KS; FDIC-95-79e; against Richard M. Wright, Jr.; Issued 9/16/96
  • Lawrence Savings Bank, Lawrence, MA; FDIC-94-50e; against Dennis M. Donovan; Issued 9/6/96
  • Standard Bank and Trust, Independence, MO; FDIC-95-78e; against James M. Karr; Issued 9/18/96
  • The Peoples State Bank, Mazomanie, WI; FDIC-96-76e; against David D. White; Issued 9/20/96
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(q), 12 U.S.C. 1818(q)
(Voluntary Termination of Insurance)

Cicero Bank, Cicero, NY; FDIC-96-93q; Issued 9/10/96

MODIFICATIONS AND TERMINATIONS

  • Modifications of Removal and Prohibition Orders The Mission Bank, Kansas City, KS; Metro North State Bank, Kansas City, MO; Valley View State Bank, Overland Park, KS; Industrial State Bank, Kansas City, KS; and Security Bank of Kansas City, Kansas City, KS; FDIC-93-20e; Decision and Order Granting Application of Sherman W. Dreiseszun To Modify Order of Prohibition From Further Participation; Issued 9/13/96
  • The Mission Bank, Kansas City, KS; Metro North State Bank, Kansas City, MO; Valley View State Bank, Overland Park, KS; Industrial State Bank, Kansas City, KS; and Security Bank of Kansas City, Kansas City, KS; FDIC-93-20e; Decision and Order Granting Application of I. I. Ozar To Modify Order of Prohibition From Further Participation; Issued 9/13/96

Terminations of Cease-and-Desist Orders

  • Cerritos Valley Bank, Norwalk, CA; FDIC-95-126b; Issued 9/4/96
  • Bank of Southern California, San Diego, CA; FDIC-92-305b; Issued 9/19/96
  • The Trust Company of New Jersey, Jersey City, NJ; FDIC-94-129b; Issued 9/11/96

ADJUDICATED DECISION

The Randolph County Bank, Winchester, IN; FDIC-94-28e; FDIC-94-29e; Decision and Order Denying Request for Stay against Stanley R. Hendrickson; Issued 9/6/96

* * *ADMINISTRATIVE HEARINGS SCHEDULED FOR NOVEMBER 1996* * *

First State Bank of Purdy, Purdy, MO; FDIC-94-141k; Civil Money Penalty Proceeding

Date: November 4 through 22, 1996
Location: To be determined
FDIC contact: Steve H. Stiller, Regional Counsel
Kansas City 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 11,670 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.

FDIC press release and other information are available on the Internet via the World Wide Web at www.fdic.gov or through Gopher at gopher.fdic.gov.

Last Updated 11/28/2011 communications@fdic.gov