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FDIC Issues Removal and Prohibition Order Against Former Georgia Banker

FOR IMMEDIATE RELEASE
PR-35-2004 (3-30-2004)
Media Contact:
Frank Gresock 202-898-6634

The Federal Deposit Insurance Corporation (FDIC) has issued a removal and prohibition order against Stephanie E. Stewart.

Stewart was the internal auditor of South Georgia Bank, Glennville, GA.

Stewart consented to the order without admitting or denying culpability. The FDIC's action is based on allegations that Stewart misappropriated funds and falsified bank records.

Stewart is prohibited from further participation in the banking industry without FDIC approval.

The order is attached.

  • Docket No. FDIC-03-041e

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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 9,182 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 via the World Wide Web at www.fdic.gov and may also be obtained through the FDIC's Public Information Center (877-275-3342 or (703) 562-2200).




Last Updated 03/30/2004 communications@fdic.gov