FDIC MAKES PUBLIC JUNE ENFORCEMENT ACTIONS;
NO ADMINISTRATIVE HEARINGS SCHEDULED
FOR IMMEDIATE RELEASE PR-50-2000 (7-27-2000)
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 June. No administrative hearings are scheduled for August.
The FDIC processed a total of seven orders in June. These included one cease-and-desist order, two removal and prohibition orders, one civil money penalty, two voluntary terminations of deposit insurance and one termination of a cease-and-desist 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., Room 100, Washington, D.C. (telephone (703) 562-2200 or 800-276-6003). The orders will also be made available on-line within a week of the issuance of this news release. To view the orders on-line, visit the FDIC's web page at http://www.fdic.gov/bank/individual/enforcement/index.html. 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)
BYL Bank Group, Orange, CA; FDIC-00-70b; Issued 06/29/00
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
(Removal and Prohibition Orders)
Bank of Visalia, Visalia, CA; FDIC-98-113e; against George Kopinsky; Issued 06/28/00
Hartford-Carlisle Savings Bank, Carlisle, IA; FDIC-99-144e; against Dirk Thierer; Issued 06/07/00
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
(Civil Money Penalty)
The Boston Bank of Commerce, Boston, MA; FDIC-00-018k; in the amount of $5,000 against Kevin Cohee; Issued 06/14/00
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(q), 12 U.S.C. § 1818(q)
(Voluntary Termination of Insurance)
The Bank of Hollywood, Los Angeles, CA; FDIC-00-27q; Issued 06/29/00
Standard Financial Corporation, Honolulu, HI; FDIC-00-61q; Issued 06/29/00
TERMINATION OF CEASE-AND-DESIST ORDER
Lippo Bank, San Francisco, CA; FDIC-97-020b; Issued 06/20/00
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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 10,151 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).