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FDIC Makes Public December Enforcement Actions; One Administrative Hearing Scheduled
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in December. One administrative hearing is scheduled for February.
The FDIC processed a total of 19 orders in December. These included six cease and desist orders, three removal and prohibition orders, three civil money penalty orders, one termination of insurance order, and six orders terminating orders to cease and desist.
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 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/neworders.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)
San Jose Tri-County Bank, San Jose, IL; FDIC-04-275b; Issued 12/14/04
Heritage Community Bank, Danville, KY; FDIC-04-204b; against John D. Mayes; Issued 12/16/04
Heritage Community Bank, Danville, KY; FDIC-05-005b; Issued 12/28/04
State Bank of Belle Plaine, Belle Plaine, MN; FDIC-04-208b; Issued 12/14/04
Cleveland Community Bank, S.S.B., Cleveland, MS; FDIC-04-260b; Issued 12/15/04
Security State Bank, Stockdale, TX; FDIC-04-232b; Issued 12/21/04
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. § 1818(e)
Countryside Bank, Meriden, KS; FDIC-04-228e; against Stephanie R. Smith; Issued 12/16/04
Countryside Bank, Meriden, KS; FDIC-04-229e; against Scott D. Becker; Issued 12/16/04
Heritage Community Bank, Danville, KY; FDIC-04-140e; against John D. Mayes; Issued 12/16/04
FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. § 1818(i)
City State Bank, Central City, IA; FDIC-04-218k; Order to Pay Civil Money Penalty in the amount of $3,000; Issued 12/8/04
First Bank, Troy, NC; FDIC-04-269k; Order to Pay Civil Money Penalty in the amount of $12,000; Issued 12/22/04
Wisconsin Community Bank, Cottage Grove, WI; FDIC-04-211k; Order to Pay Civil Money Penalty in the amount of $1,600; Issued 12/30/04
FINAL ORDER ISSUED PURSUANT TO SECTION 8(p), 12 U.S.C. § 1818(p)
TD Bank USA, FSB, Jersey City, NJ; FDIC-04-259p; Issued 12/21/04
ORDERS TERMINATING AN ORDER TO CEASE AND DESIST
Franklin Bank of California, Orange, CA (merged into and now known as Cass Commercial Bank, Bridgeton, MO); FDIC-00-013b; Issued 12/10/04
Bank of Chestnut, Chestnut, IL; FDIC-02-190b; Issued 12/14/04
The Jefferson Bank, Fayette, MS; FDIC-04-056b; Issued 12/17/04
Liberty Bank of New York, New York, NY; FDIC-01-147b; Issued 12/7/04
Friendship Bank (formerly known as Bank of Friendship) Friendship, TN; FDIC-03-030b; Issued 12/17/04
Centennial Bank, Ogden, UT; FDIC-03-163b; Issued 12/28/04
Millennia Community Bank, Greenville, NC; In the Matter of Tiwarda F. Congleton; FDIC-04-052e and FDIC-04-063k; Sections 8(e) and 8(i) Proceedings
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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 9,025 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 (877-275-3342 or (703) 562-2200).
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