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FDIC MAKES PUBLIC FEBRUARY 1998 ENFORCEMENT ACTIONS;
ONE ADMINISTRATIVE HEARING SCHEDULED FOR APRIL
FOR IMMEDIATE RELEASE
PR-22-98 (4-3-98)
Media Contact:
David Barr (202) 898-6992

The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in February. (PR-22-98 issued April 2, 1998, incorrectly identified removal and prohibition orders as terminations of insurance.) One administrative hearing is scheduled for April.

The FDIC processed seven orders in February. These included two cease-and-desist orders, one call report penalty, two removal and prohibition orders, one termination of a cease-and-desist order and one adjudicated decision.

Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 801 17th Street, N.W., Room 100, Washington, D.C. (telephone (703) 562-2200 or 800-276-6003). A list of orders made public today follows.

* * * * * * *

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

Charter Pacific Bank, Agoura Hills, CA; FDIC-98-4b; Issued 2/4/98

Stutsman County State Bank, Jamestown, ND; FDIC-97-26c&b; Issued 2/18/98

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

Heritage Bank, Decatur, AL; CR-95-9502-30; Issued 2/2/98

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

Essex Savings Bank, Essex, CT; FDIC-97-038e; against Douglas H. Olson; Issued 2/9/98

Midland Bank, Lee's Summit, MO; FDIC-96-027e; FDIC-96-028b; against Konnie L. Sanders; Issued 2/17/98

TERMINATION OF CEASE-AND-DESIST ORDER

Charter Pacific Bank, Agoura Hills, CA; FDIC-92-253b; Issued 2/10/98

ADJUDICATED DECISION

Lyndonville Savings Bank and Trust Company, Lyndonville, VT; FDIC-92-337e; Decision and Order to Terminate Proceedings; Issued 2/10/98

ADMINISTRATIVE HEARING SCHEDULED FOR APRIL

First International Bank, Chula Vista, CA; In the Matter of Roque De la Fuente II; FDIC-97-31e; Section 8(e) Proceeding

Date: April 20, 1998
Location: U. S. Bankruptcy Court
325 West F Street
San Diego, CA
FDIC Contact: JoAnna Gekas, Senior Attorney
San Francisco 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 11,027 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 releases and other information are available on the Internet via the World Wide Web at www.fdic.gov and may also be obtained through the FDIC's Public Information Center (800-276-6003 or (703) 562-2200).

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