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


FOR IMMEDIATE RELEASE
February 11, 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 December. No administrative hearings are scheduled.

The FDIC processed a total of 17 orders in December. These included two cease-and-desist orders; four removal and prohibition orders; five civil money penalties; two terminations 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)

The Citizens Bank of Weir, Kansas, Weir, KS; FDIC-07-254b; Issued 12/3/07 - PDF (PDF Help)

The State Bank of Lebo, Lebo, KS; FDIC-07-251b; Issued 12/19/07- PDF (PDF Help)

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

(Removal and Prohibition)

Mercantile Bank, Orlando, FL (merged into and now known as Carolina First Bank, Greenville, SC); FDIC-07-188e; against Brian V. Metzger; Issued 12/14/07- PDF (PDF Help)

First State Bank of Kensington, Kensington, MN; FDIC-06-151e; against Marvin G. Andreasen; Issued 12/14/07 - PDF (PDF Help)

BancFirst, Oklahoma City, OK; FDIC-06-081e; against Lisa Hand; Issued 12/14/07 - PDF (PDF Help)

Liberty State Bank, Liberty, TN; FDIC-07-139e; against Donna L. Phillips; Issued 12/14/07 - PDF (PDF Help)

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

(Civil Money Penalties)

The Heights Bank, Peoria Heights, IL; FDIC-07-066k; in the amount of $650; Issued 12/20/07 - PDF (PDF Help)

Baybank, Gladstone, MI; FDIC-07-138k; in the amount of $3,350; Issued 12/11/07 - PDF (PDF Help)

Freedom Bank of Southern Missouri, Cassville, MO; FDIC-06-124k; against Michael Oran Ball in the amount of $25,000; Issued 12/3/07 - PDF (PDF Help)

BLC Community Bank, Little Chute, WI; FDIC-07-074k; in the amount $2,500; Issued 12/14/07 - PDF (PDF Help)

First Bank Financial Centre, Oconomowoc, WI; FDIC-07-126k; in the amount of $25,690; Issued 12/14/07 - PDF (PDF Help)

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

(Termination of Insurance)

INATrust, fsb, Wilmington, DE; FDIC-07-221p; Issued 12/28/07 - PDF (PDF Help)

Carver Municipal Bank, Brooklyn, NY; FDIC-07-209p; Issued 12/28/07 - PDF (PDF Help)

TERMINATIONS

Orders Terminating an Order to Cease and Desist

Coast Bank of Florida, Bradenton, FL; FDIC-07-086b; Issued 12/27/07 - PDF (PDF Help)

Edgebrook Bank, Chicago, IL; FDIC-06-106b; Issued 12/21/07 - PDF (PDF Help)

United Roosevelt Savings Bank, Carteret, NJ; FDIC-07-003b; Issued 12/21/07 - PDF (PDF Help)

Elsa State Bank & Trust Co., Elsa, TX; FDIC-06-117b; Issued 12/21/07 - 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-11-2008




Last Updated 2/11/2008 communications@fdic.gov