FDIC MAKES PUBLIC NOVEMBER 1997 ENFORCEMENT ACTIONS;
NO ADMINISTRATIVE HEARINGS SCHEDULED FOR JANUARY 1998
FOR IMMEDIATE RELEASE PR-96-97 (12-29-97)
Media Contact: David Barr (202) 898-6992
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in November. No administrative hearings are scheduled during January.
The FDIC processed a total of 11 orders in November. Theses included four cease-and-desist orders, four call report penalties, two removal and prohibition orders and one adjudicated decision.
Copies of the orders referred to above can be obtained from or inspected at the FDIC's Public Information Center, 801 17th Street, N.W., Room 100, Washington, D.C. (telephone (703) 562-2200 or 800-276-6003). A list of orders made public today follows.
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FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. § 1818(b)
Regency Bank, Fresno, CA; FDIC-97-90b; Issued 11/14/97
Farmers and Merchants Bank, Eaton, GA; FDIC-97-084b; Issued 11/12/97
First Coastal Bank of Georgia, Pembroke, GA; FDIC-97-085b; Issued 11/12/97
The Farmers Bank, Union Point, GA; FDIC-97-086b; Issued 11/12/97
FINAL ORDERS ISSUED PURSUANT TO SECTION 7(a), 12 U.S.C. § 1817(a)
(Call Report Penalties)
McGehee Bank, McGehee, AR; CR-97-9604-009; Issued 11/28/97
Peoples Community Bank, Colquitt, GA; CR-96-9504-032; Issued 11/13/97
Farmers State Bank of Medora, Medora, IL; CR-95-9502-32; Issued 11/24/97
Western Bank, Alamogordo, NM; CR-97-9701-018; Issued 11/28/97
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
(Removal and Prohibition Orders)
The Security Bank of Mountain Grove, Mountain Grove, MO; FDIC-94-7e; against Jon C. Thomas; Issued 11/18/97
The Commercial Bank, Salem, OR; FDIC-96-86e; against Douglas Gamble; Issued 11/26/97
Baybank, Burlington, MA; FDIC-93-91e; against Irwin I. Weitz
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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 11,027 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
and may also be obtained through the FDIC's Public Information
Center (800-276-6003 or (703) 562-2200).