FDIC MAKES PUBLIC FEBRUARY 2000 ENFORCEMENT ACTIONS;
NO ADMINISTRATIVE HEARINGS SCHEDULED FOR APRIL
FOR IMMEDIATE RELEASE PR-23-2000 (3-30-2000)
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 February. No administrative hearings are scheduled for April.
The FDIC processed a total of six final orders in February. These included two cease-and-desist orders, one civil money penalty and three terminations of cease-and-desist orders.
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)
Security State Bank of Wewoka, Oklahoma; Wewoka, OK; FDIC-99-136b; Issued 2/2/00
Home State Bank, Rochester, TX; FDIC-99-137b; Issued 2/4/00
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
(Civil Money Penalty)
Centrebank, Veedersburg, IN, FDIC-99-111k; Order to Pay $10,000 against Stephen A. Songer; Issued 2/17/00
TERMINATIONS OF CEASE-AND-DESIST ORDERS
Great Eastern Bank of Florida, Miami, FL; FDIC-98-079b; Issued 2/4/00
Hartford-Carlisle Savings Bank, Carlisle, IA; FDIC-99-145c&b; Issued 2/25/00
The Greene County Bank, Strafford, MO; FDIC-93-160b; Issued 2/8/00
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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 10,220 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).