Home > News & Events > Press Releases




Press Releases


FDIC MAKES PUBLIC DECEMBER 1999 ENFORCEMENT ACTIONS; ONE ADMINISTRATIVE HEARING SCHEDULED FOR FEBRUARY 2000
FOR IMMEDIATE RELEASE
PR-5-2000 (1-31-2000)
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 December 1999. One administrative hearing is scheduled for February 2000.

The FDIC processed a total of 18 final orders in December. These included three cease-and-desist orders, four removal and prohibition orders, two suspension and prohibition orders, two civil money penalties, one termination of deposit insurance, three voluntary terminations of deposit insurance, two terminations of cease-and-desist orders 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., 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. Sec. 1818(b)

(Cease-and-Desist)

First Mountain Bank, Big Bear Lake, CA; FDIC-99-140b; Issued 12/27/99

Bank of Lakewood, Lakewood, CA; FDIC-99-132b; Issued 12/22/99

Highland Community Bank, Chicago, IL; FDIC-99-128c&b; Issued 12/13/99


FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. Sec. 1818(e)

(Removal and Prohibition Orders)

First Mountain Bank, Big Bear Lake, CA; FDIC-99-070e; against Richard A. Lawson; Issued 12/8/99

Bank of Homewood, Homewood, IL, Bank of Matteson, Matteson, IL, CIB Bank, Hillside, IL, and Seaway National Bank of Chicago, Chicago, IL; FDIC-99-031e; against Karl M. Swanson; Issued 12/3/99

Security Bank of DuPage, Naperville, IL; FDIC-99-057e; against Kenneth C. McPherson; Issued 12/10/99

Inter Bank, DuVal, WA; FDIC-99-058e; against Eric P. Harper; Issued 12/10/99


FINAL ORDERS ISSUED PURSUANT TO SECTION 8(g), 12 U.S.C. Sec. 1818(g)

(Suspension and Prohibition Orders)

Golden City Commercial Bank, New York, NY; FDIC-99-133g; against Jack Wei Hsian Liu; Issued 12/3/99

Golden City Commercial Bank, New York, NY; FDIC-99-134g; against Martha Hai Ning Chu; Issued 12/3/99


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

(Civil Money Penalties)

Farmers & Merchants Bank, Monticello, FL; FDIC-99-110k; Order to Pay $8,000; Issued 12/15/99

North Milwaukee State Bank, Milwaukee, WI; FDIC-99-051k; Order to Pay $17,000; Issued 12/22/99


ORDERS ISSUED PURSUANT TO SECTION 8(p), 12 U.S.C. Sec. 1818(p)

(Termination of Insurance)

Mellon Bank, F.S.B., Pittsburgh, PA; FDIC-99-084p; Issued 12/15/99


FINAL ORDERS ISSUED PURSUANT TO SECTION 8(q), 12 U.S.C. Sec. 1818(q)

(Voluntary Terminations of Insurance)

Realty Finance, Inc, Hilo, HI; FDIC-99-138q; Issued 12/28/99

Planters Bank, Tunica, MS; FDIC-99-104q; Issued 12/20/99

Bank of Bellingham, Bellingham, WA; FDIC-99-126q; Issued 12/20/99


TERMINATIONS OF CEASE-AND-DESIST ORDERS

Bankers Trust of Madison, Madison, AL; FDIC-98-052b; Issued 12/14/99

Victory State Bank, Columbia, SC; FDIC-98-042b; Issued 12/13/99


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

(Call Report Penalty)

Philo Exchange Bank, Philo, IL; CR-99-9901-006; Stipulation and Consent Order to Pay $2,100; Issued 12/6/99


ADMINISTRATIVE HEARINGS SCHEDULED FOR FEBRUARY 2000

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

Date:
February 7, 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 10,291 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 01/31/2000 communications@fdic.gov