FDIC MAKES PUBLIC MARCH 2000 ENFORCEMENT ACTIONS;
NO ADMINISTRATIVE HEARINGS SCHEDULED FOR MAY
FOR IMMEDIATE RELEASE PR-26-2000 (4-27-2000)
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 March. No administrative hearings are scheduled for May.
The FDIC processed a total of four final orders in March. These included three cease-and-desist orders and one removal and prohibition order.
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., 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)
Franklin Thrift & Loan Association, Orange, CA; FDIC-00-013b; Issued 3/20/00
Highland Community Bank, Chicago, IL; FDIC-99-128c&b; Issued 3/3/00
Richland State Bank, Bruce, SD; FDIC-00-017b; Issued 3/10/00
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
(Removal and Prohibition Order)
International Bank of Commerce, Brownsville, TX; FDIC-99-121e; against Ruben Garza;
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 10,220 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).