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FDIC MAKES PUBLIC AUGUST ENFORCEMENT ACTIONS;
NO ADMINISTRATIVE HEARINGS SCHEDULED
FOR IMMEDIATE RELEASE
Frank Gresock (202) 898-6634
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in August. No administrative hearings are scheduled for October.
The FDIC processed a total of 18 orders in August. These included one cease-and-desist order, two removal and prohibition orders, seven civil money penalties, one voluntary termination of deposit insurance, six terminations of cease-and-desist orders and one termination of a prompt corrective action.
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 ORDER ISSUED PURSUANT TO SECTION 8(b), 12 U.S.C. § 1818(b)
First State Bank of Thermopolis, Thermopolis, WY; FDIC-01-129b; Issued 8/28/01
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
The LaPorte Savings Bank, LaPorte, IN; FDIC-00-139e; against Joseph Martin; Issued 8/30/01
Northwoods State Bank, Elcho, WI; FDIC-00-126e; against Colin C. Handeyside; Issued 8/30/01
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
First Tuskegee Bank, Tuskegee, AL; FDIC-01-033k; Order to Pay Civil Money Penalty in the amount of $5,500; Issued 8/15/01
Fort Morgan State Bank, Fort Morgan, CO; FDIC-01-063k; Order to Pay Civil Money Penalty in the amount of $4,200; Issued 8/28/01
Finance Factors, LTD, Honolulu, HI; FDIC-01-079k; Order to Pay Civil Money Penalty in the amount of $4,000; Issued 8/13/01
Brickyard Bank, Lincolnwood, IL; FDIC-00-109k; Order to Pay against Steven E. Flahaven in the amount of $55,000; Issued 8/30/01
Skylands Community Bank, Hackettstown, NJ; FDIC-01-081k; Order to Pay Civil Money Penalty in the amount of $2,000; Issued 8/31/01
The Exchange Bank, Skiatook, OK; FDIC-01-040k; Order to Pay Civil Money Penalty in the amount of $1,500; Issued 8/13/01
Peoples State Bank, Tulsa, OK; FDIC-01-062k; Order to Pay Civil Money Penalty in the amount of $800; Issued 8/15/01
FINAL ORDER ISSUED PURSUANT TO SECTION 8(q), 12 U.S.C. § 1818(q)
First International Bank, Hartford, CT; FDIC-01-099q; Issued 8/7/01
Peoples Community Bank, Colquitt, GA; FDIC-00-030b; Issued 8/22/01
Dewey State Bank, Dewey, IL; FDIC-00-067b; against Craig M. Horsch; Issued 8/22/01
The Kansas State Bank Overbrook Kansas, Overbrook, KS; FDIC-00-079b; Issued 8/13/01
Stutsman County State Bank, Jamestown, ND; FDIC-97-028b; Issued 8/14/01
Commercial State Bank, Andrews, TX; FDIC-98-029b; Issued 8/24/01
Prompt Corrective Action
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 9,747 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.
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