Home > News & Events > Press Releases



Press Releases


FDIC MAKES PUBLIC NOVEMBER 1999 ENFORCEMENT ACTIONS; ONE ADMINISTRATIVE HEARING SCHEDULED FOR JANUARY 2000
FOR IMMEDIATE RELEASE
PR-87-99 (12-29-99)
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 November. One administrative hearing is scheduled for January 2000.

The FDIC processed a total of six final orders in November. These included two cease-and-desist orders, one removal and prohibition order, one termination of deposit insurance, one voluntary termination of deposit insurance and one termination of a cease-and-desist order.

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)

Peoples Bank of Fordland, Fordland, MO; FDIC-99-109b; Issued 11/17/99 Farmers Exchange Bank, Antlers, OK; FDIC-99-088b; OSBD-99-C&D-2; Issued 11/2/99

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

First Trust Corporation, Denver, CO; FDIC-98-049e; against Lisa D. Francis; Issued 11/24/99

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(p), 12 U.S.C. § 1818(p)
(Termination of Insurance)

Republic Bank, F. S. B., St. Petersburg, FL; FDIC-99-107p; Issued 11/3/99

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

LTCB Trust Company, New York, NY; FDIC-99-102q; Issued 11/2/99

TERMINATION OF CEASE-AND-DESIST ORDER

Pan American Bank, Chicago, IL; FDIC-98-53b; Issued 11/17/99

ADMINISTRATIVE HEARING SCHEDULED FOR JANUARY 2000

California Pacific Bank, San Francisco, California; In the Matter of Michael R. Johnson; FDIC-99-119jj; Section 32 Proceeding

Date: January 10, 2000
Location: San Francisco, California
FDIC contact: Lori M. Honjiyo, Senior Attorney
James L. Miller, Counsel (Senior Litigator)
San Francisco Regional Office

# # #

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), or e-mail publicinfo@fdic.gov.

Last Updated 12/29/1999 communications@fdic.gov