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FDIC MAKES PUBLIC SEPTEMBER 1999 ENFORCEMENT ACTIONS;
NO ADMINISTRATIVE HEARINGS SCHEDULED FOR NOVEMBER
FOR IMMEDIATE RELEASE
PR-62-99 (11-01-99)
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 September. No administrative hearings are scheduled for November.

The FDIC processed a total of eight final orders in September. These included two cease-and-desist orders, one civil money penalty, one safety and soundness order, two terminations of cease-and-desist orders, one Call Report penalty and one Home Mortgage Disclosure Act violation.

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., Washington, D.C. 20434 (telephone (703) 562-2200 or 800-276-6003). 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)

Jasper Banking Company, Jasper, GA; FDIC-99-105b; Issued 9/30/99

North Milwaukee State Bank, Milwaukee, WI; FDIC-99-020b; Issued 9/10/99

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

Florida Community Bank, Immokalee, FL; FDIC-99-052k; Order to Pay Civil Money Penalty in the amount of $4,000; Issued 9/28/99

FINAL ORDERS ISSUED PURSUANT TO SECTION 39, 12 U.S.C. 1831p-1(e)(2)
(Safety and Soundness Order)

First Bank of Jacksonville, Jacksonville, FL; FDIC-99-077ss; Issued 9/8/99

TERMINATIONS OF CEASE-AND-DESIST ORDERS

Sterling Savings Bank, Chicago, IL; FDIC-99-074c&b; Issued 9/23/99

Citizens State Bank of Milford, Milford, IL; FDIC-95-099b; against Arthur R. Murray; Issued 9/17/99

* * * * * * * * *

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

Winterset State Bank, Harrisonville, MO; CR-99-9804-005; Stipulation and Consent Order to Pay $1,800; Issued 9/23/99

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. 1818(i)
(Home Mortgage Disclosure Act Violation)

Sturdy Savings Bank, Stone Harbor, NJ; HMD-99-9898-003; Stipulation and Consent Order to Pay $5,450; Issued 9/8/99

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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 10,327 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, including today's quarterly listing, 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 11/01/1999 communications@fdic.gov