Each depositor insured to at least $250,000 per insured bank



Home > News & Events > Press Releases




Press Releases

FDIC Makes Public March Enforcement Actions
No Administrative Hearing Scheduled

FOR IMMEDIATE RELEASE
May 3, 2006
Media Contact:
Frank Gresock (202) 898-6634

The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in March. No administrative hearing is scheduled for May.

The FDIC processed a total of 30 orders in March. These included eight removal and prohibition orders, 18 civil money penalty orders, three cease and desist orders, 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, 877-275-3342 or e-mail at: publicinfo@fdic.gov. 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/neworders.html. A list of orders made public today follows.

****

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

Ocean Bank, Miami, FL; FDIC-05-194e; against Maria Del Pilar Rodriquez; Issued 3/23/06

Main Street Bank, Covington, GA; FDIC-05-224e; against William Morris Jordan; Issued 3/30/06

The Community Bank, Loganville, GA; FDIC-05-226e; against Randy C. Conner; Issued 3/23/06

Citizens State Bank, Hugoton, KS; FDIC-05-211e; against Todd L. Swafford; Issued 3/30/06

Putnam Fiduciary Trust Company, Boston, MA; FDIC-05-245e; against Michele Knowlton; Issued 3/30/06

Security First Bank, Sidney, NE; FDIC-05-088e; against Lori J. Vowers; Issued 3/30/06

Community Bank, Wellington, TX; FDIC-05-243e; against Dale B. Donaldson; Issued 3/23/06

Far West Bank, Provo, UT and Bank of Ephraim, Ephraim, UT; FDIC-05-172e; against Lauri O. Ludvigson; Issued 3/30/06

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

Little River Bank, Lepanto, AR; FDIC-05-244k; Order to Pay a Civil Money Penalty in the amount of $13,750; Issued 3/19/06

Ocean Bank, Miami, FL; FDIC-05-195k; Order to Pay Civil Money Penalty against Maria Del Pilar Rodriguez in the amount of $7,500; Issued 3/23/06

Main Street Bank, Covington, GA; FDIC-05-225k; Order to Pay a Civil Money Penalty against William Morris Jordan in the amount of $55,000; Issued 3/30/06

The Community Bank, Loganville, GA; FDIC-05-227k; Order to Pay a Civil Money Penalty against Randy C. Conner in the amount of $10,000; Issued 3/23/06

Farmers & Merchants State Bank, Boise, ID; FDIC-06-031k; Order to Pay in the amount of $36,290; Issued 3/28/06

The Peoples Bank, Brownstown, IN; FDIC-05-230k; Order to Pay in the amount of $4,450; Issued 3/19/06

Chelsea Savings Bank, Belle Plaine, IA; FDIC-05-216k; Order to Pay Civil Money Penalty in the amount of $1,600; Issued 3/8/06

Citizens State Bank, Hugoton, KS; FDIC-05-212k; Order to Pay Civil Money Penalty against Todd L. Swafford in the amount of $1,000; Issued 3/30/06

Lakeside Community Bank, Sterling Heights, MI; FDIC-05-238k; Order to Pay in the amount of $5,550; Issued 3/19/06

The Peoples Bank, Biloxi, MS; FDIC-05-114k; Order to Pay Civil Money Penalty in the amount of $4,600; Issued 3/19/06

Liberty Bank of New York, New York, NY; FDIC-03-064k; Order to Pay against Chan Kim in the amount of $1,000; Issued 3/30/06

Liberty Bank of New York, New York, NY; FDIC-03-065k; Order to Pay against Hidong Kim in the amount of $1,000; Issued 3/30/06

Liberty Bank of New York, New York, NY; FDIC-03-067k; Order to Pay against Ki Young Lee in the amount of $17,500; Issued 3/30/06

Liberty Bank of New York, New York, NY; FDIC-03-068k; Order to Pay against Sang Young Woo in the amount of $1,000; Issued 3/30/06

Liberty Bank of New York, New York, NY; FDIC-03-074k; Order to Pay against Mi-Ja Tong in the amount of $1,000; Issued 3/30/06

Community Mutual Savings Bank, White Plains, NY; FDIC-05-139k; Order to Pay against Robert P. Capone in the amount of $20,000; Issued 3/23/06

Jefferson State Bank, San Antonio, TX; FDIC-05-115k; Order to Pay in the amount of $9,550; Issued 3/19/06

Peoples State Bank, Wausau, WI; FDIC-05-237k; Order to Pay in the amount of $16,100; Issued 3/19/06

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. 1818(b)
(Cease-and-Desist)

Doral Bank, Catano, PR; FDIC-06-043b; Issued 3/16/06

R-G Premier Bank of Puerto Rico, Hato Rey, PR; FDIC-06-045b; Issued 3/16/06

Firstbank of Puerto Rico, Santurce, PR; FDIC-06-044b; Issued 3/16/06

Order Terminating an Order to Cease and Desist

San Jose Tri-County Bank, San Jose, IL; FDIC-04-275b; Issued 3/14/06

# # #

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 8,833 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, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or publicinfo@fdic.gov.) PR-42-2006




Last Updated 05/03/2006 communications@fdic.gov