FDIC MAKES PUBLIC MAY ENFORCEMENT ACTIONS;
NO ADMINISTRATIVE HEARINGS SCHEDULED
FOR IMMEDIATE RELEASE PR-48-2001 (6-29-2001)
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 May. No administrative hearings are scheduled for July.
The FDIC processed a total of 13 orders in May. These included two cease-and-desist orders, eight civil money penalties, one voluntary termination of insurance and two call report 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). 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.
* * * * * * * *
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. § 1818(b)
Metropolitan Bank, Oakland, CA; FDIC-01-066b; Issued 5/18/01
Citizens State Bank of Clara City, Clara City, MN; FDIC-00-127b; Issued 5/9/01
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
(Civil Money Penalties)
First Mountain Bank, Big Bear Lake, CA; FDIC-01-048k; Order to Pay $1,400; Issued 5/17/01
Novato Community Bank, Novato, CA; FDIC-01-028k; Order to Pay $7,500; Issued 5/25/01
United Southern Bank, Umatilla, FL; FDIC-01-002k; Order to Pay $13,500; Issued 5/21/01
The Peoples Bank, Winder, GA; FDIC-01-01
8k; Order to Pay $4,000; Issued 5/17/01
Simmesport State Bank, Simmesport, LA; FDIC-00-119k; Order to Pay $10,400; Issued 5/14/01
R-G Premier Bank of Puerto Rico, Hato Rey, PR; FDIC-00-130k; Order to Pay $5,000; Issued 5/17/01
Citizens Bank, Kilgore, TX; FDIC-01-017k; Order to Pay $2,500; Issued 5/17/01
Secured Trust Bank, Tyler, TX; FDIC-01-023k; Order to Pay $3,500; Issued 5/7/01
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(q), 12 U.S.C. § 1818(q)
(Voluntary Termination of Insurance)
West Coast Guaranty Bank, National Association, Hermitage, PA; FDIC-01-031q; Issued 5/4/01
FINAL ORDERS ISSUED PURSUANT TO SECTION 7(a), 12 U.S.C. § 1817(a)
(Call Report Penalties)
Rivoli Bank & Trust, Macon, GA; CR-01-0003-001; Stipulation and Consent Order to Pay $2,100;
Heritage Bank, Clarksville, Tennessee; CR-01-0003-002; Stipulation and Consent Order to Pay $2,700; Issued 5/14/01
# # #
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 9,840 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).