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


FOR IMMEDIATE RELEASE
February 25, 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 January. No administrative hearings are scheduled.

The FDIC processed a total of nine orders in January. These included three cease-and-desist orders; one removal and prohibition order; four civil money penalties; and one termination of cease-and-desist order.

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)

Hometown Bank of Villa Rica, Villa Rica, GA; FDIC-07-210b; Issued 1/10/08 - PDF (PDF Help)

Cleveland Community Bank, S.S.B., Cleveland, MS; FDIC-07-203b; Issued 1/25/08 - PDF (PDF Help)

Nevada Bank and Trust Company, Caliente, NV; FDIC-08-007b; Issued 1/24/08 - PDF (PDF Help)

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

Alliance Bank, New Ulm, MN; Now Known As Alliance Bank, Lake City, Minnesota; FDIC-07-029e;

against Jane L. Turbes; Issued 1/10/08 - PDF (PDF Help)

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

Cathay Bank, Los Angeles, CA; FDIC-07-280k; in the amount of $55,000; Issued 1/4/08 - PDF (PDF Help)

Minnwest Bank Luverne, Luverne, Minnesota; FDIC-07-207k; in the amount of $3,725; Issued 1/22/08 - PDF (PDF Help)

Sun Security Bank, Ellington, MO; FDIC-07-097k; in the amount of $14,700; Issued 1/9/08 - PDF (PDF Help)

Northwest Savings Bank, Warren, PA; FDIC-07-191k; in the amount of $7,405; Issued 1/3/08 - PDF (PDF Help)

TERMINATION

Order Terminating an Order to Cease and Desist

Doral Bank, Catano, Puerto Rico; FDIC-06-043b; Issued 1/14/08 - 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-14-2008




Last Updated 2/25/2008 communications@fdic.gov