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FDIC Makes Public November Enforcement Actions; No Administrative Hearings are Scheduled


FOR IMMEDIATE RELEASE
January 30, 2008
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. No administrative hearings are scheduled.

The FDIC processed a total of 17 orders in November. These included two cease-and-desist orders; six removal and prohibition orders; four civil money penalties; one voluntary termination of insurance; and four terminations of cease-and-desist orders.

Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 3501 Fairfax Drive, Room E-1002, Arlington, VA (telephone 703-562-2200 or 1-877-275-3342). To view all orders online, 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)
(Cease-and-Desist)

Jennings State Bank, Spring Grove, MN; FDIC-07-220b; Issued 11/23/07 -- PDF (PDF Help)

Columbia Savings Bank, Cincinnati, OH; FDIC-07-183b; Issued 11/13/07 -- PDF (PDF Help)

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

McClave State Bank, McClave, CO; FDIC-07-143e; against Tandy Bitner; Issued 11/19/07 -- PDF (PDF Help)

Alliance Bank, New Ulm, MN; Now Known As Alliance Bank, Lake City, MN; FDIC-07-030e; against Darrell L. Mullerleile; Issued 11/19/07 -- PDF (PDF Help)

Bitterroot Valley Bank, Lolo, MT; FDIC-07-164e; against Vell D. Nichols; Issued 11/19/07-- PDF (PDF Help)

The Citizens Bank of Clovis, Clovis, NM; FDIC-06-214e; against Elizabeth A. Kiser; Issued 11/19/07-- PDF (PDF Help)

Royal Bank, Elroy, WI; FDIC-07-011e; against Kimberly A. Fleming; Issued 11/19/07-- PDF (PDF Help)

Community Bank, Joseph, OR; FDIC-06-185e; against Heidi E. Hoepfner; Issued 11/19/07-- PDF (PDF Help)

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

Carrollton Bank, Carrollton, IL; FDIC-07-048k; in the amount of $21,250; Issued 11/29/07 -- PDF (PDF Help)

Peoples Savings Bank, Wellsburg, IA; FDIC-07-199k; in the amount of $2,800; Issued 11/29/07 -- PDF (PDF Help)

Security First Bank, Lincoln, NE; FDIC-07-198k; in the amount of $10,000; Issued 11/29/07 -- PDF (PDF Help)

First State Bank, Buxton, ND; FDIC-07-197k; in the amount of $4,500; Issued 11/29/07 -- PDF (PDF Help)

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

Volkswagen Bank USA, Salt Lake City, UT; FDIC-07-244q; Issued 11/23/07 -- PDF (PDF Help)

TERMINATIONS

Orders Terminating an Order to Cease and Desist

Central Pacific Bank, Honolulu, HI; FDIC-06-205b; Issued 11/28/07-- PDF (PDF Help)

Hicksville Building, Loan and Savings Bank, Hicksville, OH; FDIC-07-032b; Issued 11/15/07-- PDF (PDF Help)

Firstbank of Puerto Rico, Santurce, PR; FDIC-06-044b; Issued 11/16/07 -- PDF (PDF Help)

Firstbank of Puerto Rico, Santurce, PR; FDIC-06-146b; Issued 11/16/07 -- PDF (PDF Help)

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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 8,560 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 703-562-2200). PR-8-2008




Last Updated 1/30/2008 communications@fdic.gov