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The Federal Deposit Insurance Corporation today released a
list of orders of administrative enforcement actions taken against
banks and individuals in November of 1996. One administrative
hearing is scheduled during January 1997.
The FDIC processed a total of 15 orders in November.
These included four removal and prohibition orders, one voluntary
termination of insurance and 10 terminations of cease-and-desist
orders.
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. (Telephone (703) 562-2200
or (800) 276-6003 or Fax (703) 562-2296). A list of the orders made
public today and details about the January hearing are attached.
* * * * * * * * * *
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. 1818(e)
(Removal and Prohibition Orders)
Community Bank of Greater Peoria, East Peoria, IL; now a branch of
Magna Bank, N.A., St. Louis, MO; FDIC-96-18e; against Bill A. Lanzotti;
Issued 11/13/96
Holbrook Co-operative Bank, Holbrook, MA; FDIC-96-88e; against
James J. McHoul, Jr.; Issued 11/5/96
Bay Loan and Investment Bank, East Greenwich, RI; FDIC-95-45e;
against Joseph H. Gormley; Issued
11/19/96
Whatcom State Bank, Bellingham, WA; FDIC-96-81e; against Arnold W. Wright;
Issued 11/23/96
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(p), 12 U.S.C. 1818(p)
(Voluntary Termination of Insurance)
Citibank (Florida), National Association, Dania, FL; FDIC-96-090p;
Issued 11/8/96
TERMINATIONS
Terminations of Cease-and-Desist Orders
First Fidelity Thrift and Loan Association, Irvine, CA; FDIC-93-41b;
Issued 11/22/96
International Bank of California, Los Angeles, CA; FDIC-93-147b;
Issued 11/20/96
Topa Thrift and Loan Association, Los Angeles, CA; FDIC-92-326b;
Issued 11/1/96
Topa Thrift and Loan Association, Los Angeles, CA; FDIC-95-18b;
Issued 11/1/96
First Commercial Bank, Sacramento, CA; FDIC-92-268b; Issued 11/29/96
Commonwealth Thrift and Loan Association, Torrance, CA; FDIC-92-149b;
Issued 11/8/96 [closed 8/16/96]
Commonwealth Thrift and Loan Association, Torrance, CA; FDIC-96-104b;
Issued 11/8/96 [closed 8/16/96]
Central State Bank, Clayton, IL; FDIC-94-33b; against J. Michael
Kinscherff; Issued 11/26/96
Philo Exchange Bank, Philo, IL; FDIC-94-100b; Issued 11/4/96
The Bank Josephine, Prestonsburg, KY; FDIC-94-158b; Issued 11/21/96
* * *ADMINISTRATIVE HEARING SCHEDULED FOR JANUARY 1997* * *
First Lehigh Bank, Walnutport, PA; In the Matter of James L. Leuthe
and Harold R. Marvin, Jr.; FDIC-95-15e and FDIC-95-16k; Section 8(e)
and Civil Money Penalty Proceedings
Date: January 21, 1997
Location: To be determined
FDIC contact: Toby N. Tumpson, Counsel (Senior Litigator)
New York 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.
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FDIC press releases and other information are available on the Internet
via the World Wide Wed at www.fdic.gov.
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