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



Home > News & Events > Press Releases




Press Releases

REVISED

FDIC Makes Public August Enforcement Actions; Two Administrative Hearings are Scheduled for October

FOR IMMEDIATE RELEASE
September 26, 2008
Media Contact:
LaJuan Williams-Dickerson
(202) 898-3876 (office)

The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in August. Two administrative hearings are scheduled.

The FDIC processed a total of 30 orders in August. These included 11 cease and desist orders; five removal and prohibition orders; seven civil money penalties; one voluntary termination of insurance; and six orders to terminate 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.

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

Parkway Bank, Rogers, AR; FDIC-08-128b; Issued 8/5/08 - PDF (PDF Help)

Mizrahi Tefahot Bank, Ltd, Los Angeles, CA; FDIC-08-082b; Issued 8/27/08 - PDF (PDF Help)

Pan American Bank, Los Angeles, CA; FDIC-08-079b; Issued 8/20/08 - PDF (PDF Help)

McClave State Bank, McClave, CO; FDIC-08-118b; Issued 8/1/08 - PDF (PDF Help)

Strategic Capital Bank, Champaign, IL; FDIC-08-205b; Issued 8/14/08 - PDF (PDF Help)

Chestatee State Bank, Dawsonville, GA; FDIC-08-142b; Issued 8/21/08 - PDF (PDF Help)

Lake Community Bank, Long Lake, MN; FDIC-08-114b; Issued 8/27/08 - PDF (PDF Help)

The Home Savings and Loan Company of Youngstown, Ohio, Youngstown, OH; FDIC-08-175b; Issued 8/12/08 - PDF (PDF Help)

Libertad Bank, SSB, Austin, TX; FDIC-08-119b; Issued 8/15/08 - PDF (PDF Help)

Sallie Mae Bank, Murray, UT; FDIC-08-086b; Issued 8/19/08 - PDF (PDF Help)

Bank Reale, Pasco, WA; FDIC-08-120b; Issued 8/12/08 - PDF (PDF Help)

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

Bank of the West, San Francisco, CA; FDIC-08-044e; against SemiDiesel Sebastian Cisneros; Issued 8/1/08 - PDF (PDF Help)

First State Bank of North Dakota, Arthur, ND; FDIC-08-054e; against Elliott H. Meidinger; Issued 8/1/08 - PDF (PDF Help)

Branch Banking and Trust Company of South Carolina, Greenville, SC; FDIC-08-004e; against Robert Byron Greene; Issued 8/1/08 - PDF (PDF Help)

Farmers State Bank, Center, TX; FDIC-07-274e; against Akeem B. Stroupe; Issued 8/1/08 - PDF (PDF Help)

Texas First State Bank, Riesel, TX; FDIC-07-230e; against Amy L. Hickerson; Issued 8/1/08 - PDF (PDF Help)

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

Evabank, Eva, AL; FDIC-08-152k; in the amount of $2,625.00; Issued 8/6/08 - PDF (PDF Help)

Savings Bank of Mendocino County, Ukiah, CA; FDIC-08-174k; in the amount of $45,375.00; Issued 8/12/08 - PDF (PDF Help)

Lafayette Community Bank, Lafayette, IN; FDIC-07-169k; in the amount of $1,650.00; Issued 8/12/08 - PDF (PDF Help)

TriCentury Bank, Simpson, KS; FDIC-08-058k; in the amount of $5,000.00; Issued 8/22/08 - PDF (PDF Help)

Saco & Biddeford Savings Institution, Saco, ME; FDIC-08-169k; in the amount of $4,140.00; Issued 8/11/08 - PDF (PDF Help)

Stoughton Co-operative Bank, Stoughton, MA; FDIC-07-266k; in the amount of $2,000.00; Issued 8/22/08 - PDF (PDF Help)

Cambridge State Bank, Cambridge, WI; FDIC-07-174k; in the amount of $3,350.00; Issued 8/12/08 - PDF (PDF Help)

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

Citrus Bank, National Association, Vero Beach, FL; FDIC-08-201q; Issued 8/15/08 - PDF (PDF Help)

TERMINATIONS

Orders Terminating an Order to Cease and Desist

Morris Building and Loan, S.B., Morris, IL; FDIC-07-217b; Issued 8/1/08 - PDF (PDF Help)

State Bank & Trust Company, Harrodsburg, KY; FDIC-07-231b; Issued 8/4/08 - PDF (PDF Help)

First State Bank of Kensington, Kensington, MN; FDIC-06-101b; Issued 8/8/08 - PDF (PDF Help)

First State Bank of Kensington, Kensington, MN; FDIC-07-130b; Issued 8/8/08 - PDF (PDF Help)

The Greene County Bank, Strafford, MO; FDIC-06-227b; Issued 8/15/08 - PDF (PDF Help)

Twin City Bank, Longview, WA; FDIC-07-118b; Issued 8/14/08 - PDF (PDF Help)

ADMINISTRATIVE HEARINGS SCHEDULED FOR OCTOBER 2008

Citizens Bank and Trust Company of Chicago, Chicago, Illinois; In the Matter of Robert Michael and George Michael, individually and as institution affiliated parties; FDIC-03-106e & FDIC-03-107k

Date: October 14, 2008
Location: Hon. C. Richard Miserendino
Administrative Law Judge
Everett McKinley Dirksen United States Courthouse, Court 760
7th Floor, 219 South Dearborn
Chicago, Illinois 60604
FDIC contact: Jann L. Harley, Senior Litigator and Advisor
Chicago Regional Office

InterState Net Bank, Cherry Hill, New Jersey, n/k/a ISN Bank, Cherry Hill, New Jersey; In the Matter of Hal J. Shaffer, individually and as an institution affiliated party; FDIC-06-201e & FDIC-06-202k

Date: October 30, 2008
Location: Philadelphia, Pennsylvania
FDIC contact: John S. Stevens, Counsel – Senior Litigator and Advisor
Chicago Regional Office

# # #

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 8,451 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-87-2008




Last Updated 10/3/2008 communications@fdic.gov