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FDIC Makes Public June Enforcement Actions; No Administrative Hearings are Scheduled for August

FOR IMMEDIATE RELEASE
August 1, 2008
Media Contact:
LaJuan Williams-Dickerson
(202) 898-3876

The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in June. No administrative hearings are scheduled.

The FDIC processed a total of 28 orders in June. These included one order of restitution; five cease-and-desist orders; four removal and prohibition orders; thirteen civil money penalties; three voluntary terminations of insurance status; one prompt corrective action; and one termination of an order to cease-and-desist.

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.

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

Columbus Bank and Trust Company, Columbus, GA; FDIC-08-033b; Issued 6/9/08 - PDF (PDF Help)

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

MetroPacific Bank, Irvine, CA; FDIC-08-109b; Issued 6/26/08 - PDF (PDF Help)

Columbus Bank and Trust Company, Columbus, GA; FDIC-08-033b; Issued 6/9/08 - PDF (PDF Help)

BankHaven, Haven, KS; FDIC-08-108b; Issued 6/11/08 - PDF (PDF Help)

Clarkston State Bank, Clarkston, MI; FDIC-08-056b; Issued 6/16/08 - PDF (PDF Help)

Hastings State Bank, Hasting, NE; FDIC-08-100b; Issued 6/24/08 - PDF (PDF Help)

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

Mercantile-Safe Deposit and Trust Company, Baltimore, MD; FDIC-08-106e; against Thomas W. Small; Issued 6/12/08 - PDF (PDF Help)

Farmers State Bank, S/B, Schell City, MO; FDIC-07-161e; against Donis G. Duncan; Issued 6/18/08 - PDF (PDF Help)

Greene County Bank, Greeneville, TN; FDIC-07-092e; against Steve P. Henry; Issued 6/18/08 - PDF (PDF Help)

Timberwood Bank, Tomah, WI; FDIC-08-101e; against Kevin A. Oliver; Issued 6/18/08 - 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-07-064k; in the amount of $9,000; Issued 6/24/08 - PDF (PDF Help)

Jackson County Bank, Seymour, IN; FDIC-07-176k; in the amount of $7,000; Issued 6/3/08 - PDF (PDF Help)

Sloan State Bank, Sloan, IA; FDIC-08-072k; in the amount of $2,200; Issued 6/11/08 - PDF (PDF Help)

Columbus Bank and Trust Company, Columbus, GA; FDIC-08-034k; in the amount of $2,400,000; Issued 6/9/08 - PDF (PDF Help)

Bank of the Federated States of Micronesia, Pohnpei, Federated States of Micronesia; FDIC-08-045k; in the amount of $1,200; Issued 6/3/08 - PDF (PDF Help)

Premier Bank, Jefferson City, MO; FDIC-08-060k; in the amount of $14,800; Issued 6/20/08 - PDF (PDF Help)

The Bank of Madison, Madison, NE; FDIC-08-097k; in the amount of $1,575; Issued 6/11/08 - PDF (PDF Help)

SussexBank, Franklin, NJ; FDIC-08-068k; in the amount of $3,940; Issued 6/3/08 - PDF (PDF Help)

The Union Bank, Beulah, ND; FDIC-08-092k; in the amount of $3,850; Issued 6/13/08 - PDF (PDF Help)

Greene County Bank, Greenville, TN; FDIC-07-091k; against Steve P. Henry in the amount of $25,000; Issued 6/18/08 - PDF (PDF Help)

Sanderson State Bank, Sanderson, TX; FDIC-07-234k; in the amount of $14,300; Issued 6/20/08 - PDF (PDF Help)

Rural American Bank – Luck, Luck, WI; FDIC-08-103k; in the amount of $2,700; Issued 6/13/08 - PDF (PDF Help)

Farmers & Merchants Bank, Tomah, WI; FDIC-07-115k; against Kevin A. Oliver in the amount of $12,500; Issued 6/18/08 - PDF (PDF Help)

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

MashreqBank, PSC, New York Branch; New York, NY; FDIC-08-062a; Issued 6/17/08 - PDF (PDF Help)

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

Fifth Street Bank, Las Vegas, NV; FDIC-08-136p; Issued 6/30/08 - PDF (PDF Help)

Universal Savings Bank FA, Milwaukee, WI; FDIC-08-065p; Issued 6/26/08 - PDF (PDF Help)

FINAL ORDERS ISSUED PURSUANT TO SECTION 38, 12 U.S.C. 1831o
(Prompt Corrective Action)

First Priority Bank, Bradenton, FL; FDIC-08-127PCAP; Issued 6/25/08 - PDF (PDF Help)

TERMINATION

Order Terminating an Order to Cease and Desist

Mission Bank, Kingman, AZ; FDIC-07-146b; Issued 6/5/08 - 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 8,494 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-64-2008




Last Updated 8/1/2008 communications@fdic.gov