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FDIC MAKES PUBLIC JUNE 1996 ENFORCEMENT ACTIONS;
NO ADMINISTRATIVE HEARINGS SET FOR AUGUST
|FOR IMMEDIATE RELEASE
| 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 June. No administrative hearings are scheduled for August.
The FDIC processed a total of 23 final orders in June. These included six removal and prohibition orders, one order of prohibition from further participation under section 8(g), one civil money penalty, ten voluntary terminations of insurance, four 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 St., N.W., Room 100, Washington, D.C. 20434 (telephone (703) 562-2200 or facsimile (703) 562-2296). A list of the orders made public today follows.
* * * * * * * *
(Removal and Prohibition Orders)
Central State Bank, Clayton, IL; FDIC-96-019e; against Debra Lorraine Law; Issued 6/12/96
Midland Bank of Kansas (Formerly The Tower State Bank and merged into Bank IV, National Association, Wichita, KS), Mission, KS; FDIC-95-82e; against Daniel F. Reardon; Issued 6/28/96
The Provident Institution for Savings in the Towns of Salisbury and Amesbury, Amesbury, MA; FDIC-96-064e; against John C. Foy; Issued 6/28/96
American State Bank, Broken Bow, OK; FDIC-95-177e; against Ronald E. Bond; Issued 6/24/96
ProBank, The Woodlands, TX; FDIC-96-10e; against Kerry D. Marschke; Issued 6/4/96
Mattoon State Bank, Mattoon, WI; FDIC-96-13e; against Kurt Kramer; Issued 6/5/96
(Final Order of Prohibition From Further Participation)
First Commerce Bank, Corpus Christi, TX; FDIC-96-050g; against Benny Dominguez; Issued 6/24/96
(Civil Money Penalty)
Provident Savings Bank, Jersey City, New Jersey; FDIC-95-134k; Issued 6/25/96
(Termination of Insurance)
Metlife Trust Company, National Association, Iselin, NJ; (Formerly City Trust Services, National Association, Somerset, NJ); FDIC-96-65p; Issued 6/26/96
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(q), 12 U.S.C. § 1818(q)
Investors Finance, Inc., Honolulu, HI; FDIC-96-32q; Issued 6/28/96
The Chase Manhattan Bank of Maryland, Baltimore, MD; FDIC-96-34q; Issued 6/26/96
St. Francois County Savings and Association, Farmington, MO; FDIC-96-68q; Issued 6/11/96
Investors Fiduciary Trust Company, Kansas City, MO; FDIC-96-033q; Issued 6/26/96
United Savings Bank, Lebanon, MO; FDIC-96-69q; Issued 6/11/96
Hang Seng Bank, LTD, 268 Canal Street Branch, New York, NY; FDIC-96-74q; Issued 6/28/96
Hang Seng Bank, LTD, 27 East Broadway Branch, New York, NY; FDIC-96-75q; Issued 6/28/96
Bank Hapoalim B.M., Philadelphia, PA; FDIC-96-45q; Issued 6/26/96
Bank Leumi Le-Israel, B.M., Philadelphia, PA, branch; FDIC-95-152q; Issued 6/5/96
Centennial Thrift and Loan Association, Fountain Valley, CA; FDIC-92-209b; Issued 6/21/96
Habib Bank AG Zurich, Zurich, Switzerland (Foreign Bank), and Habib Bank AG Zurich, Zurich, Switzerland; Los Angeles, CA, branch; FDIC-92-179c&b; Issued 6/26/96
The Boston Bank of Commerce, Boston, MA; FDIC-93-207b; Issued 6/14/96
Peoples Bank and Trust, Borger, TX [closed 5/31/96]; FDIC-94-199b; Issued 6/12/96
Freedom Bank, DeLeon, TX (now Farmers and Merchants Bank); FDIC-91-37k; Decision and Order of Dismissal against Ira Lee Brannan, David Brannan and Stephen L. Brannan; Issued 6/17/96
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 information are available on the Internet via the World Wide Web at www.fdic.gov or through Gopher at gopher.fdic.gov. They may also be obtained through the FDIC Public Information Center at 801 17th Street, NW, Room 100, Washington, DC (703) 562-2200.
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