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FDIC MAKES PUBLIC FEBRUARY 1999 ENFORCEMENT ACTIONS;
NO ADMINISTRATIVE HEARINGS SCHEDULED FOR APRIL
FOR IMMEDIATE RELEASE
PR-17-99 (3-31-99)
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. No administrative hearings are scheduled for April.

The FDIC processed a total of eight orders in February. These included one removal and prohibition order, one suspension and prohibition order pursuant to Section 8(g), three voluntary terminations of deposit insurance, one termination of a cease-and-desist order, one withdrawal of notice of assessment of civil money penalty and hearing, and one call report penalty.

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.

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

City State Bank, Sutton, NE; FDIC-98-061e; against Frederick Figi; Issued 2/4/99

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(g), 12 U.S.C. 1818(g)
(Suspension and Prohibition Order)

Bank of Honolulu, Honolulu, HI; FDIC-98-105g; against Sukamto Sia; Issued 2/4/99

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

Rainbow Financial Corporation, Honolulu, HI; FDIC-99-007q; Issued 2/26/99

Duck Hill Bank, Duck Hill, MS; FDIC-98-080q; Issued 2/26/99

Bank of Sumner, Sumner, WA; FDIC-99-005q; Issued 2/26/99

TERMINATIONS

Cease-and-Desist Order
Clovis Community Bank, Clovis, CA; FDIC-98-22b; Issued 2/10/99

Notice of Assessment of Civil Money Penalty and Hearing
First Service Bank for Savings, Leominster, MA; FDIC-89-168k; against Robert F. Fredo, Jr. and C. William Wester; Issued 2/8/99

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

Community Bank of Oak Park River Forest, Oak Park, IL; CR-98-9703-010; Stipulation and Consent Order to Pay $1,642; Issued 2/8/99

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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 10,461 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