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FDIC Makes Public March Enforcement Actions; No Administrative Hearings Scheduled for May

FOR IMMEDIATE RELEASE
PR-38-2005 (5-4-2005)
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. No administrative hearings are scheduled for May.

The FDIC processed a total of 21 orders in March. These included four cease and desist orders, five removal and prohibition orders, seven civil money penalty orders, two orders terminating insurance, and three 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 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/index.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)
(Cease-and-Desist)

American Premier Bank, Arcadia, CA; FDIC-05-037b; Issued 3/8/05

County Bank, Rehoboth Beach, DE; FDIC-04-274b; Issued 3/11/05

The Farmers Bank, Frankfort, IN; FDIC-05-010b; Issued 3/25/05

American State Bank, Tulsa, OK; FDIC-04-245b; Issued 3/23/05

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(e), 12 U.S.C. 1818(e) (Removal and Prohibition Orders)

Espirito Santo Bank, Miami, FL; FDIC-05-033e; against Hector Orlansky; Issued 3/23/05

Bank of North Georgia, Alpharetta, GA; FDIC-04-256e; against Angela R. Lennon; Issued 3/16/05

United Bank, Zebulon, GA; FDIC-04-248e; against Robert Brian Singley; Issued 3/8/05

Citizens Bank, Mooresville, IN; FDIC-04-092e; against Betsy J. Shrake; Issued 3/8/05

First State Bank, New Braunfels, TX; FDIC-04-139e; against Carol Miller; Issued 3/16/05

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(i), 12 U.S.C. 1818(i)
(Civil Money Penalties)

American State Bank, Lawrenceburg, IN; FDIC-05-001k; Order to Pay Civil Money Penalty in the amount of $7,125; Issued 3/23/05

American State Bank, Lawrenceburg, IN; FDIC-05-002k; Order to Pay Civil Money Penalty in the amount of $10,000; Issued 3/23/05

Bank of North Georgia, Alpharetta, GA; FDIC-04-280k; Order to Pay Civil Money Penalty against Angela R. Lennon in the amount of $1,000; Issued 3/16/05

United Bank, Zebulon, GA; FDIC-04-273k; Order to Pay Civil Money Penalty against Robert Brian Singley in the amount of $1,000; Issued 3/8/05

The Prairie State Bank, Augusta, KS; FDIC-04-254k; Order to Pay Civil Money Penalty in the amount of $16,500; Issued 3/21/05

Kentucky Bank, Paris, KY; FDIC-04-291k; Order to Pay Civil Money Penalty in the amount of $6,000; Issued 3/30/05

Norcrown Bank, Livingston, NJ; FDIC-04-249k; Order to Pay Civil Money Penalty against Joseph S. Paparatto in the amount of $15,000; Issued 3/23/05

FINAL ORDERS ISSUED PURSUANT TO SECTION 8(q), 12 U.S.C. 1818(q)
(Terminations of Insurance)

Pan American Bank, FSB, Burlingame, CA; FDIC-05-021q; Issued 3/2/05

Franklin Bank of California, Orange, CA; FDIC-05-008q; Issued 3/2/05

Orders Terminating an Order to Cease and Desist

Community Bank, Blountsville, AL; FDIC-02-130b; Order Terminating Order to Cease and Desist; Issued 3/24/05

The Commercial Bank of Volusia County, Ormond Beach, FL; FDIC-03-050b; Order Terminating Order to Cease and Desist; Issued 3/15/05

American State Bank, Tulsa, OK; FDIC-98-059b; Order Terminating Order to Cease and Desist Issued 3/23/05

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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 8,975 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).




Last Updated 05/04/2005 communications@fdic.gov