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



Home > News & Events > Press Releases




Press Releases

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

FOR IMMEDIATE RELEASE
February 27, 2009
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 January. No administrative hearings are scheduled.

The FDIC processed a total of 25 orders in January. These included thirteen cease and desist orders; ten civil money penalties; one voluntary termination of insurance; and one Order Granting Permission to File Application and Approving Application for Consent to Participate in the Affairs of any Insured Depository Institution (Section 19).

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)

Uniti Bank, Buena Park, CA; FDIC-08-395b; Issued 1/30/09 - PDF (PDF Help)

Golden Coast Bank, Long Beach, CA; FDIC-08-359b; Issued 1/27/09 - PDF (PDF Help)

First Vietnamese American Bank, Westminster, CA; FDIC-08-365b; Issued 1/29/09 - PDF (PDF Help)

Douglas County Bank, Douglasville , GA; FDIC-08-357b; Issued 1/27/09 - PDF (PDF Help)

First Commerce Community Bank, Douglasville , GA; FDIC-08-339b; Issued 1/6/09 - PDF (PDF Help)

Central Progressive Bank, Lacombe, LA; FDIC-08-398b; Issued 1/28/09 - PDF (PDF Help)

Horizon Bank, Pine City, MN; FDIC-08-393b; Issued 1/6/09 - PDF (PDF Help)

Paragon Bank, Wells, MN; FDIC-08-212b; Issued 1/26/09 - PDF (PDF Help)

Westbridge Bank and Trust, Chesterfield , MO; FDIC-09-016b; Issued 1/23/09 -PDF (PDF Help)

Garden City Bank, Garden City, MO; FDIC-09-009b; Issued 1/29/09 - PDF (PDF Help)

Geauga Savings Bank, Newbury, OH; FDIC-08-241b; Issued: 1/12/09 - PDF (PDF Help)

First State Bank of Altus, Altus, OK; FDIC-08-287b; Issued 1/16/09 - PDF (PDF Help)

Citizens State Bank, Woodville, TX; FDIC-08-379b; Issued 1/30/09 - PDF (PDF Help)

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

Alliance Bank, Culver City, CA; FDIC-08-311k; in the amount of $3,520.00; Issued 1/12/09 - PDF (PDF Help)

Metropolitan Bank and Trust Company, Chicago, IL; FDIC-08-075k; in the amount of $1,550.00; Issued 1/5/09 - PDF (PDF Help)

Kennebunk Savings Bank, Kennebunk, ME; FDIC-08-376k; in the amount of $21,525.00; Issued 1/8/09 - PDF (PDF Help)

Citizens Bank of Newburg, Rolla, MO; FDIC-08-276k; in the amount of $3,200.00; Issued 1/20/09 - PDF (PDF Help)

Valley Bank and Trust Co., Scottsbluff, NE; FDIC-08-338k; in the amount of $9,200.00; Issued 1/30/09 - PDF (PDF Help)

Drayton State Bank, Drayton, ND; FDIC-08-326k; in the amount of $1,200.00; Issued 1/29/09 - PDF (PDF Help)

Mifflin County Savings Bank, Lewistown, PA; FDIC-08-222k; in the amount of $8,295.00; Issued 1/13/09 - PDF (PDF Help)

Farmers and Merchants State Bank, Plankinton, SD; FDIC-08-340k; in the amount of $2,420.00; Issued 1/13/09 - PDF (PDF Help)

Park Bank, Holmen, WI; FDIC-07-042k HMDA; FDIC-07-196k FLOOD; Notice of Assessment of Civil Money Penalty Findings of Fact and Conclusions of Law, Order to Pay, and Notice of Hearing; Issued 7/15/08 - PDF (PDF Help)

Note: The CMP contained with this Notice became effective on August 14, 2008.

Community First Bank, Rosholt, WI; FDIC-08-024k; in the amount of $1,150.00; Issued 1/14/09 - PDF (PDF Help)

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

American Savings, Inc., New Prague, Minnesota; FDIC-08-001q; Issued 1/8/09 - PDF (PDF Help)

FINAL ORDERS ISSUED PURSUANT TO SECTION 19, 12 U.S.C. 1829
(Section 19)

Ericka Eugena Tello, FDIC-08-191L; Order Granting Permission to File Application and Approving Application for Consent to Participate in the Affairs of any Insured Depository Institution; Issued 1/14/09 - PDF (PDF Help)

# # #

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 8,305 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-29-2009




Last Updated 2/27/2009 communications@fdic.gov