Home > News & Events > Press Releases




Press Releases

FDIC MAKES PUBLIC JUNE 1998 ENFORCEMENT ACTIONS
NO ADMINISTRATIVE HEARINGS SCHEDULED FOR AUGUST
FOR IMMEDIATE RELEASE
PR-51-98 (7-29-98)
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 June. No administrative hearings are scheduled for August.

The FDIC processed a total of 30 orders in June. These included three cease-and-desist orders, two removal and prohibition orders, one termination of insurance order, two terminations of cease-and-desist orders, one adjudicated decision, nine call report penalties and 12 Home Mortgage Disclosure Act penalties.

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.

* * * * * * *

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. _ 1818(b) (Cease-and-Desist Orders)

Bankers Trust of Madison, Madison, AL; FDIC-98-052b; Issued 6/12/98

First Mountain Bank, Big Bear Lake, CA; FDIC-98-050b; Issued 6/15/98

Commercial State Bank, Andrews, TX; FDIC-98-29b; Issued 6/24/98

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

Guilford Savings Bank, Guilford, CT; FDIC-97-080e; against Gilbert M. Lombard, Jr.; Issued 6/11/98

Cambridge Trust Company, Cambridge, MA; FDIC-97-088e; against Marcel R. Badeau; Issued 6/11/98

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(p), 12 U.S.C. _ 1818(p) (Termination of Insurance)

Commercial Credit Corporation (Hawaii), Honolulu, HI; FDIC-98-36p; Issued 6/29/98

TERMINATIONS OF CEASE-AND-DESIST ORDERS

Capital Bank, Miami, FL; FDIC-96-190b; against Abel Holtz; Issued 6/1/98

Bank of the Federated States of Micronesia, Kolonia, Pohnpei, Federated States of Micronesia; FDIC-97-19b; Issued 6/16/98

ADJUDICATED DECISION

First Lehigh Bank. Walnutport, PA; FDIC-95-15e; FDIC-95-16k; Decision and Order To Prohibit From Further Participation and Assessment of Civil Money Penalty; against James L. Leuthe; Issued 6/26/98

* * * * * * * *

CALL REPORT PENALITES ISSUED PURSUANT TO SECTION 7(a), 12 U.S.C. _ 1817(a) (Call Report Penalties)

Commerce Bank of Alabama, Albertville, AL; CR-97-9702-022; Order to Pay $900; Issued 6/17/98

Commerce Bank of Alabama, Albertville, AL; CR-98-9704-004; Order to Pay $2,500; Issued 6/22/98

The Perry County Bank, Perryville, AR; CR-97-9701-016; Order to Pay $2,400; Issued 6/12/98

Grinnell State Bank, Grinnell, IA; CR-96-9602-44; Order to Pay $900; Issued 6/1/98

Mediapolis Savings Bank, Mediapolis, IA; CR-96-9602-046; Order to Pay $2,000; Issued 6/1/98

First Citizens Bank, Presque Isle, ME; CR-96-9602-048; Order to Pay $1,500; Issued 6/1/98

Pinnacle Bank, St. Joseph, MI; CR-98-9704-001; Order to Pay $4,200; Issued 6/22/98

First State Bank of Swanville, Swanville, MN; CR-96-9602-049; Order to Pay $1,200; Issued 6/1/98

Jefferson County Bank, Daykin, NE; CR-96-9602-053; Order to Pay $629; Issued 6/1/98

HMDA PENALTIES ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. _ 1818(i) (Home Mortgage Disclosure Act Penalties)

First Bank of Childersburg, Vincent, AL; HMD-97-9696-059; Stipulation and Consent Order to Pay $2,000; Issued 6/29/98

Bank of Rio Vista, Rio Vista, CA; HMD-97-9696-054; Stipulation and Consent Order to Pay $500; Issued 6/29/98

Pacific State Bank, Stockton, CA; HMD-97-9696-035; Stipulation and Consent Order to Pay $2,000; Issued 6/29/98

Fayette County Bank, Peachtree City, GA; HMD-97-9696-058; Stipulation and Consent Order to Pay $1,000; Issued 6/29/98

First Bank and Trust, Sullivan, IN; HMD-97-9696-034; Stipulation and Consent Order to Pay $1,000; Issued 6/29/98

Royal Bank of Missouri, University City, MO; HMD-97-996-042; Stipulation and Consent Order to Pay $2,000; Issued 6/29/98

Bank of Holland, Holland, NY; HMD-97-9696-056; Stipulation and Consent Order to Pay $1,000; Issued 6/29/98

Cedar Creek Bank, Seven Points, TX; HMD-97-9696-044; Stipulation and Consent Order to Pay $2,000; Issued 6/29/98

Marine Bank and Savings, Cedarburg, WI (Formerly known as First Ozaudee Savings Bank); HMD-97-9696-065; Stipulation and Consent Order to Pay $1,000; Issued 6/29/98

Security State Bank, Iron River, WI; HMD-97-9696-045; Stipulation and Consent Order to Pay $2,000; Issued 6/29/98

First State Bank, New London, WI; HMD-97-9696-060; Stipulation and Consent Order to Pay $3,000; Issued 6/29/98

Oostburg State Bank, Oostburg, WI; HMD-97-9696-049; Stipulation and Consent Order to Pay $1,000; Issued 6/29/98

# # #

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 10,779 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).

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