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FDIC MAKES PUBLIC APRIL 1999 ENFORCEMENT ACTIONS;
NO ADMINISTRATIVE HEARINGS SCHEDULED FOR JUNE
FOR IMMEDIATE RELEASE
PR-34-99 (6-7-99)
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 April. No administrative hearings are scheduled for June.

The FDIC processed a total of 11 final orders in April. These included one cease-and-desist order, three removal and prohibition orders, five terminations of cease-and-desist orders, one adjudicated decision and one call report penalty.

Copies of the orders referred to above can be obtained from or inspected at the FDICs Public Information Center, 801 17th Street, N.W., Washington, D.C. 20434 (telephone (703) 562-2200 or 800-276-6003). A list of the orders made public today follows.

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FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. 1818(b)

(Cease-and-Desist Order)

First State Bank of Sharon, Sharon, ND; FDIC-99-019b; Issued 4/9/99

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. 1818(e)

(Removal and Prohibition Orders)

Northern Bank and Trust Company, Woburn, MA; FDIC-98-071e; against William E. Kerns; Issued 4/8/99

Brill State Bank, Brill, WI; FDIC-96-042e; against Beverly M. Leonard; Issued 4/30/99

Southport Bank, Kenosha, WI; FDIC-98-100e; against Daniel Kosa; Issued 4/30/99

TERMINATIONS OF CEASE-AND-DESIST ORDERS

Eastern International Bank, Los Angeles, CA; FDIC-97-079b; Issued 4/2/99

Eastern International Bank, Los Angeles, CA; FDIC-95-090b; Issued 4/2/99

Amity Bank, Woodbridge, CT (n/k/a Connecticut Bank of Commerce, Stamford, CT); FDIC-91-192b; Issued 4/2/99

Connecticut Bank of Commerce, Stamford, CT; FDIC-93-253b; Issued 4/2/99

Bank of Woodstock, Woodstock, VT; FDIC-93-249b; Issued 4/8/99

ADJUDICATED DECISION

Stutsman County State Bank, Jamestown, ND; FDIC-97-028b; Decision and Order; Issued 4/20/99

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FINAL ORDERS ISSUED PURSUANT TO SECTION 7(a), 12 U.S.C. 1817(a)

(Call Report Penalty)

Merchants & Farmers Bank, West Helena, AR; CR-98-9802-020; Stipulation and Consent Order to Pay $1,800; Issued 4/6/99

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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 10,461 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, including today's quarterly listing, are available on the Internet at www.fdic.gov or through the FDIC's Public Information Center (800-276-6003 or (703) 562-2200).

Last Updated 07/19/1999 communications@fdic.gov