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FDIC Makes Public October Enforcement Actions; No Administrative Hearings Scheduled
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in October. No administrative hearings are scheduled for December.
The FDIC processed a total of 27 orders in October. These included four cease and desist orders, seven removal and prohibition orders, eight civil money penalty orders, one termination of insurance order, and seven orders terminating orders to cease and desist.
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 877-275-3342). The orders will also be made available on-line within a week of the issuance of this news release. To view the orders on-line, visit the FDIC's Web page at http://www.fdic.gov/bank/individual/enforcement/index.html. A list of orders made public today follows.
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(B), 12 U.S.C. § 1818(B)
Bank of Wedowee, Wedowee, AL; FDIC-04-165b; Issued 10/29/04
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
BestBank, Boulder, CO; FDIC-00-007e; Decision and Order Denying Termination of Order of Prohibition From Further Participation Against John J. Schmalzer; Issued 10/21/04
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
Washington State Bank, Washington, LA; FDIC-03-109k; Order to Pay against David Creig Brignac in the amount of $3,000; Issued 10/22/04
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(p), 12 U.S.C. § 1818(p)
National Bank of the Great Lakes, Oak Brook, IL; FDIC-04-057p; Issued 10/13/04
ORDERS TERMINATING ORDERS to CEASE and DESIST
Community Bank of the Bay, Oakland, CA; FDIC-02-098b; Issued 10/26/04
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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 9,025 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. The FDIC receives no federal tax dollars-insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov or through the FDIC's Public Information Center (877-275-3342 or (703) 562-2200).
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