FDIC MAKES PUBLIC MARCH ENFORCEMENT ACTIONS;
ONE ADMINISTRATIVE HEARING SCHEDULED
FOR IMMEDIATE RELEASE PR-48-2002 (4-29-2002)
Media Contact: 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 March. One administrative hearing is scheduled for May.
The FDIC processed a total of 11 orders in March. These included four cease-and-desist orders, three removal and prohibition orders, two civil money penalty orders, and two 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., 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)
First Southern Bank, Florence, AL; FDIC-02-023b; Order to Cease and Desist; Issued 3/15/02
Family Bank and Trust Co., Palos Hills, IL; FDIC-02-019b; Order to Cease and Desist; Issued 3/12/02
Bank of Madison, Madison, NE; FDIC-01-176b; Order to Cease and Desist; Issued 3/4/02
Western State Bank; Waterloo, NE; FDIC-02-014b; Order to Cease and Desist; Issued 3/29/02
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
(Removal and Prohibition)
The Peoples State Bank, Elletsville, IN; FDIC-01-111e; against Deborah L. Clark; Issued 3/15/02
Bank of Kirksville, Kirksville, MO; FDIC-01-094e; against Melissa A. Decker; Issued 3/6/02
First Security State Bank, Cranfills Gap, TX; FDIC-01-086e; against Tammy Kash; Issued 3/29/02
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(I)
(Civil Money Penalties)
Greenville Savings Bank, Greenville, PA; FDIC-01-173k; Order to Pay Civil Money Penalty in the amount of $1,000; Issued 3/6/02
First Security State Bank, Cranfills Gap, TX; FDIC-01-133k; Order to Pay Civil Money Penalty against Tammy Kash in the amount of $1,000; Issued 3/29/02
TERMINATIONS OF CEASE-AND-DESIST ORDERS
First State Bank of Purdy, Purdy, MO; FDIC-99-032b; Issued 3/20/02
Cho-Hung Bank of New York, New York, NY; FDIC-01-032b; Issued 3/22/02
ADMINISTRATIVE HEARING SCHEDULED FOR MAY 2002
First Mountain Bank, Big Bear Lake, California: In the Matter of Dennis Shollenburg, Hazel Hagy, Vicky Melton, Robert Hagy and Brenda Knudson; FDIC-00-088e; Section 8 (e) Proceeding
May 13, 2002
Frances L. Johnston, Deputy Regional Counsel
JoAnna A. Gekas, Senior Attorney
San Francisco Regional Office
Rex Taylor, Counsel
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 9,613 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. The FDIC receives no federal tax dollars-insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov or through the FDIC's Public Information Center (800-276-6003 or (703) 562-2200).