FDIC MAKES PUBLIC APRIL 1996 ENFORCEMENT ACTION;
NO ADMINISTRATIVE HEARINGS SET FOR JUNE
FOR IMMEDIATE RELEASE PR-38-96 (5-24-96)
Media Contact: David Barr (202) 898-6992
The Federal Deposit Insurance Corporation today released a list
of orders of administrative enforcement actions taken against banks
and individuals in April of 1996. No administrative hearings are
scheduled during June.
The FDIC processed a total of 14 final orders in April. These
included three cease-and-desist orders, six removal and prohibition
orders, four terminations of cease-and-desist orders and one
Copies of the orders referred to above can be obtained from or
inspected at the Public Information Center, FDIC, 801 17th Street,
N.W., Room 100, Washington, D.C. 20434 (telephone (703) 562-2200 or
Fax (703) 562-2296). A list of the orders made public today follows.
* * * * * * * *
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. § 1818(b)
Interstate Bank, WaKeeney, KS; FDIC-96-063b; Issued 4/26/96
Southwest Bank, Jennings, LA; FDIC-96-52b; Issued 4/10/96
First State Bank, Moulton, TX; FDIC-95-162b; Issued 4/26/96
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
(Removal and Prohibition Orders)
New Haven Savings Bank, New Haven, CT; FDIC-96-51e; against Richard
G. Arserio; Issued 4/30/96
First State Bank, Ida Grove, IA; FDIC-94-137e; against Gordon A.
Boerner; Issued 4/25/96
Midland Bank, Lee's Summit, MO; FDIC-95-120e; against Jeffrey L.
Gibbs; Issued 4/9/96
Midland Bank, Lee's Summit, MO; FDIC-95-121e; against Kendrick T.
Wallace; Issued 4/9/96
Midland Bank, Lee's Summit, MO, and Midland Bank of Kansas (formerly
known as The Tower State Bank), Mission, KS; FDIC-95-122e; against G.
Robert Fisher; Issued 4/9/96
First Community Bank, Binger, OK; FDIC-96-007e; against Michael R.
Roth; Issued 4/11/96
TERMINATIONS OF CEASE-AND-DESIST ORDERS
Heritage Bank, Watertown, CT; FDIC-93-87b; Issued 4/12/96
Howard J. Peterka and First State Bank of Miller, Miller, SD; FDIC-92-40b;
The Greenville Banking Company, Greenville, GA; FDIC-94-208e;
Decision and Order against Raymond M. Phillips; Issued 4/23/96
Congress created the Federal Deposit Insurance Corporation in 1933 to
restore the public confidence in the nation's banking system. The FDIC
insures deposits at the nation's 12,000 banks and savings associations
and it promotes the safety and soundness of these institutions by
identifying, monitoring and addressing risks to which they are
FDIC press releases and other information are available on the
Internet via the World Wide Web at www.fdic.gov or through Gopher at