FDIC MAKES PUBLIC APRIL ENFORCEMENT ACTIONS;
NO ADMINISTRATIVE HEARINGS SCHEDULED
FOR IMMEDIATE RELEASE PR-50-2003 (5-29-2003)
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 April. No administrative hearings are scheduled for June.
The FDIC processed a total of 15 orders in April. These included two cease-and-desist orders, two removal-and-prohibition orders, seven civil money penalty orders, one voluntary termination of insurance order, one termination of a supervisory prompt corrective action directive, one termination of a cease-and-desist order, and one adjudicated decision.
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 877-275-3342). The orders will also be made available online within a week of the issuance of this news release. To view the orders online, 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)
Community Bank of Lawndale, Chicago, IL; FDIC-03-025b; Issued 4/4/03
Fairview State Banking Company, Fairview, IL; FDIC-03-047b; Issued 4/24/03
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
(Removal and Prohibition Orders)
Town and Country Bank of Almelund, Almelund, MN; FDIC-01-070e; against John C. James;
Bridge City State Bank, Bridge City, TX; FDIC-02-149e; against Mary Christine Gonzales;
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
(Civil Money Penalties)
United Bank, Zebulon, GA; FDIC-02-173k; Order to Pay Civil Money Penalty in the amount of $7,000; Issued 4/3/03
Bank of Edwardsville, Edwardsville, IL; FDIC-02-207k; Order to Pay Civil Money Penalty in the amount of $3,500; Issued 4/8/03
First Bank and Trust Company of Illinois, Palatine, IL; FDIC-03-031k; Order to Pay Civil Money Penalty against Robert G. Hershenhorn in the amount of $20,000; Issued 4/29/03
First State Bank, Southwest Indiana, Tell City, IN; FDIC-02-183k; Order to Pay Civil Money Penalty in the amount of $3,850; Issued 4/21/03
Sevier County Bank, Sevierville, TN; FDIC-02-192k; Order to Pay Civil Money Penalty in the amount of $6,000; Issued 4/29/03
Bridge City State Bank, Bridge City, TX; FDIC-02-150k; Order to Pay Civil Money Penalty against Mary Christine Gonzales in the amount of $5,000; Issued 4/15/03
Citizens State Bank, Trempealeau, WI; FDIC-03-006k; Order to Pay Civil Money Penalty in the amount of $3,150; Issued 4/8/03
Household Bank, FSB, Wood Dale, IL; FDIC-03-028q; Order of Approval of Voluntary Termination of Insurance; Issued 4/3/03
Southern Pacific Bank, Torrance, CA; FDIC-03-012PCAS; Order Terminating Supervisory Prompt Corrective Action Directive; Issued 4/23/03
Highland Community Bank, Chicago, IL; FDIC-99-128c&b; Order Terminating Order to Cease and Desist; Issued 4/30/03
First International Bank, Chula Vista, CA; FDIC-97-031e; Decision and Order Denying Request for Stay against Roque De La Fuente II; Issued 4/18/03
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 9,354 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 and may also be obtained through the FDIC's Public Information Center (877-275-3342 or (703) 562-2200).