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Federal Deposit
Insurance Corporation

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

Press Releases

FDIC Makes Public March Enforcement Actions;

One Administrative Hearing Scheduled for May 2014

FOR IMMEDIATE RELEASE
April 25, 2014
Media Contact:
David Barr
Office: (202) 898-6992
Email: dbarr@fdic.gov

The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in March. One administrative hearing is scheduled for May 2014.

The FDIC issued a total of 40 orders, including one issued in February. The orders included: four consent orders; six removal and prohibition orders; two civil money penalties; one prompt corrective action directive; two voluntary termination of insurance orders; nine section 19 orders; 14 orders terminating consent orders and cease and desist orders; and one order terminating supervisory prompt corrective action directive.

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 by clicking the link below.

March 2014 Enforcement Decisions and Orders

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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 banks and savings associations, 6,812 as of December 31, 2013. 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-30-2014