Home > News & Events > Press Releases




Press Releases

FDIC MAKES PUBLIC MAY 1996 ENFORCEMENT ACTIONS;
TWO ADMINISTRATIVE HEARINGS SET FOR JULY
FOR IMMEDIATE RELEASE
PR-46-96 (6-27-96)
Media Contact:
David Barr (202) 898-6992

The Federal Deposit Insurance Corporation released a list of orders of administrative enforcement actions taken against banks and individuals in May. Two administrative hearings are scheduled for July.

The FDIC processed a total of 20 final orders in May. These included seven removal and prohibition orders, two civil money penalties, 10 terminations of cease-and-desist orders and one adjudicated decision.

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 and details about the July hearings are attached.

* * * * * * * *

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

Shoreline Bank and Trust Company, Madison, CT; FDIC-96-036e; against Michael J. Iaccarino; Issued 5/21/96

Savings Institute, Willimantic, CT; FDIC-96-048e; against William R. Wilcox, Jr.; Issued 5/16/96

Florida State Bank, Holiday, FL [closed 5/21/91]; FDIC-95-51e; against Fred B. Bullard, Jr.; Issued 5/24/96

East Side Bank & Trust Company, Chicago, IL; FDIC-96-29e; against Mary Jo Tracy; Issued 5/7/96

First Texas Bank, Killeen, TX; FDIC-95-141e; against Sammy P. Brumbalow; Issued 5/24/96

Firstar Bank Portage, Portage, WI; now a branch of Firstar Bank Madison, N.A., Madison, WI; FDIC-95-149e; against William J. Beix; Issued 5/14/96

Firstar Bank Portage, Portage, WI; now a branch of Firstar Bank Madison, N.A., Madison, WI; FDIC-95-165e; against Donald E. Witt; Issued 5/14/96

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

Firstar Bank Portage, Portage, WI; now a branch of Firstar Bank Madison, N.A., Madison, WI; FDIC-95-148k; against William J. Beix; Issued 5/14/96

Firstar Bank Portage, Portage, WI; now a branch of Firstar Bank Madison, N.A., Madison, WI; FDIC-95-164k; against Donald E. Witt; Issued 5/14/96

TERMINATIONS

Termination of Cease-and-Desist Orders

San Gabriel Valley Bank, El Monte, CA; FDIC-94-104b; Issued 5/16/96

North County Bank, Escondido, CA; FDIC-95-5b; Issued 5/10/96

Community Bank, Pasadena, CA; FDIC-92-189b; Issued 5/8/96

Community Bank, Pasadena, CA; FDIC-94-134b; Issued 5/8/96

Glastonbury Bank & Trust Company, Glastonbury, CT; FDIC-93-196b; Issued 5/24/96

Bank of Taunton, A Co-operative Bank, Taunton, MA; FDIC-93-2b; Issued 5/16/96

Bank of Coffey, Coffey, MO; FDIC-94-55b; Issued 5/31/96

First Lehigh Bank, Walnutport, PA; FDIC-92-173b; Issued 5/28/96

First Lehigh Bank, Walnutport, PA; FDIC-87-216b; Issued 5/28/96

Provident Bank, Dallas, TX; FDIC-92-231b; Issued 5/31/96

ADJUDICATED DECISION

State Bank of Westchester (now known as Reliance Bank), White Plains, NY; FDIC-94-60e; Decision and Order against John F. Higgins; Issued 5/28/96

* * *ADMINISTRATIVE HEARINGS SCHEDULED FOR JULY 1996* * *

Sunwest Bank of Santa Fe, Santa Fe, NM; In the Matter of Ramon M. Candelaria; FDIC-95-62e; Section 8(e) Proceeding

Date:          July 9, 1996
Location:      U.S. Courthouse Federal Building
               10th Floor Courtroom B, Room 10000
               500 Gold Avenue, S.W.
               Albuquerque, NM 87103
FDIC contact:  Judith K. Sinclair, Regional Counsel
               Dallas Regional Office

First Lehigh Bank, Walnutport, PA; In the Matter of James L. Leuthe and Harold R. Marvin, Jr.; FDIC-95-15e and FDIC-95-16k; Section 8(e) and Civil Money Penalty Proceedings

Date:          July 9, 1996
Location:      Philadelphia, PA
FDIC contact:  Toby N. Tumpson, Counsel (Senior Litigator)
               New York 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 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 exposed.

FDIC press releases and other documents may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC ((703) 562-2200)

Last Updated 07/14/1999 communications@fdic.gov